Fabas Secures Seed Financing Round
Summary
Fabas, the Zurich based start-up has reached a significant milestone by successfully closing its seed financing round, raising over CHF 1.3 million in additional funding. The financing round, led by a Swiss family office with participation from industrial and private investors and several business angels, supports Fabas strategic shift to become a leading supplier of pulse-based protein ingredients.In response to market demand for clean-label ingredients for plant-based products lines, Fabas has developed an extraction technology that produces minimally processed protein extracts from peas and fava beans. Fabas initial applications are targeting the dairy industry.Fabas is on track to bring its first product, a plant-based yogurt pre-mix, to market by the end of 2024. At Fabas, we are committed to developing ingredients that enable the production of healthy and delicious pulse-based foods.Fabas, a start-up based in Zurich and founded in 2021, is dedicated to advancing plant-based nutrition by bringing beans and peas to the forefront of our diets and agriculture. The protein extracts are integral to the creation of pre-mixes that not only improve the nutritional profile, but also enhance the taste and sustainability of plant-based alternatives.