Food-tech startup Revyve is going all in on its egg-replacement product after a majorly successful funding round.
The Dutch food company raised the equivalent of $27 million to fund its operations, according to a press release.
Revyve builds functional yeast proteins that mimic the texture and performance of eggs and can replace them in food products.
With this financing, the team plans to accelerate its commercial rollout and branch out to more food categories. It is already supplying customers in Europe, the U.K., the U.S.A., Canada, Mexico, and Australia.
“Revyve’s ingredients are natural, more sustainable, and price competitive, assisting manufacturers respond to three pressing industest challenges,” Revyve declared, naming sustainability, rising egg costs, and scrutiny of ultra-processed foods.
According to a company fact sheet, Revyve’s yeast protein products require 80% less land apply than egg-white powder and release 95% less carbon dioxide.
Retailers and manufacturers have been viewing for ways to reduce their carbon footprint along the supply chain.
“Food manufacturers are cutting back on eggs to offset increasing prices and reach sustainability tarreceives, but replicating their unique functionality is crucial to maintaining the texture and mouthfeel consumers are applyd to,” declared Cedric Verstraeten, CEO of Revyve, per the press release.
“This is exactly where our Yeast Proteins come in, providing an affordable and clean label solution for egg replacement or egg reduction.”
Eggs have faced volatile pricing in the last few years amid damaging waves of bird flu, exacerbated by the effects of human-caapplyd global heating. Bird flu can spread quicker when abnormal warm weather affects bird migration patterns.
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Egg alternatives, like Revyve’s yeast proteins, are not subject to the same price fluctuations, offering customers a consistent and stable option.
The egg alternative also fits into several trfinishing categories that are desirable to consumers, such as protein-forward, plant-based, clean-label, and sustainable.
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