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Mö Foods raises €2.4m to scale oat-based cheese technology
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FoodBev Media
Finnish food-tech company Mö Foods has secured €2.4 million in a funding round led by Nordic Foodtech VC, as the company accelerates the scaling of its proprietary oat-based cheese production technology and prepares for international expansion.
Founded in 2017 by siblings Annamari Jukkola and Marjaana Vuorio, Mö Foods is positioning itself at the forefront of a new generation of plant-based cheese innovation.
Annamari Jukkola, CEO and co-founder of Mö Foods, said: “Our goal at Mö has always been to create foods that reflect how people eat today: good food at a fair price, made responsibly".
"Mö is setting a standard for how plant-based products should meet expectations in taste and experience, and how this expertise can be taken to global markets.”Commercially, Mö Foods is outperforming the wider category.
Stefan Lindberg, chairman of the board at Mö Foods, added: “This funding marks a turning point for Mö.