Navarra's MOA Foodtech raises €3.3 million in round led by EIC Fund and Swanlaab

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

MOA Foodtech, based in Navarra, has raised €3.3 million in a round led by the EIC Fund and Swanlaab Innvierte Agri Food Tech. CDTI-Innvierte took part, and Sodena, Viscofan and Clave Capital also backed it. The company combines fermentation and artificial intelligence to turn agrifood by-products into functional ingredients, so its raw material starts out as someone else's leftovers.

Now that its first products have sold, MOA plans to grow sales, add production capacity and develop uses in human food, pet food, health and nutraceuticals.

Sodena has been there throughout: a €100,000 participative loan in 2021, a share of a €1.5 million round led by Dutch firm ICOS Capital in 2024, and €100,000 in this one. Some investors diversify, and some just keep showing up.