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Parma, Italy-based Dreamfarm, a meals tech startup that produces plant-based options to cheese, introduced on Monday that it has raised €5M in funding.
The financing spherical was backed by two completed entrepreneurs — Giampaolo Cagnin, a serial entrepreneur who based Italiana Ingredienti, Campus, and Hello-Meals, and Francesco Mutti, the proprietor, and CEO of the Mutti Group.
“We invested within the challenge as a result of we consider there’s a actual alternative to revolutionise the sector, due to vital technological improvements and a fascinating and extremely recognizable branding on the shelf,” says Cagnin.
The Italian firm will use the funds to ascertain a manufacturing facility in Sala Baganza (PR), geared up with particular equipment to optimise a novel and patented manufacturing course of.
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