Farmless closes 4.8 million euro financing round

Farmless, a Dutch fermentation startup, closes a €4.8 million financing round to develop innovative protein production from CO2, hydrogen and renewable energy - without the need for conventional agricultural land.

Farmless, a Dutch fermentation startup, has successfully closed a €4.8 million financing round. The round was led by World Fund and Vorwerk Ventures. The company plans to use these funds to build a pilot production facility in Amsterdam and develop products to replace conventional animal proteins such as meat, dairy and eggs without conventional agriculture.

Agriculture and land use are responsible for around 22 percent of global emissions, but only 12 percent of the venture capital for climate protection flows into the sector

Dr. Nadine Geiser, Principal at the World Fund.

Farmless' technology is based on a unique fermentation process that relies on a liquid derived from CO2, hydrogen, nitrogen and renewable energy. This platform enables the production of proteins without the use of conventional agricultural land.

In today's world of uncertainty, where climate change is threatening harvests, our fermentation platform offers a flexible solution for food security

Adnan Oner, Founder and CEO of Farmless

Adnan Oner, founder and CEO of Farmless, emphasizes the flexibility of this technology in terms of food security in a time of climate change. The innovation enables an almost unlimited food supply while contributing to the removal of CO2 from the atmosphere.

Investors such as the World Fund see the potential of Farmless to revolutionize agriculture and thereby contribute significantly to the reduction of global CO2 emissions. Dr. Nadine Geiser, Principal at the World Fund, underlines the need to support startups that have the potential to make agriculture more sustainable.

By combining molecular biology, nutritional science and physics, Farmless has succeeded in developing protein ingredients for food that are superior to their animal and plant counterparts in every respect and have a significantly lower impact on the climate

Peter Schmetz, Principal at Vorwerk Ventures

Unlike other companies that use sugar as a feedstock, Farmless produces proteins from a liquid derived from CO2, hydrogen, nitrogen and renewable energy. As a result, their production method requires significantly less land compared to conventional beef production and also has a CO2-negative footprint.

Farmless aims to reduce the demand for animal products while promoting the reforestation of farmland. Their fermentation platform could potentially make a significant contribution to sustainability in the food industry. Adnan Oner, physicist and serial entrepreneur, sees Farmless' innovation as a way to reduce the environmental impact of conventional agriculture and make food production more sustainable.