Rice in Action — Seed (estimated) · €870K

Rice in Action, which has patented technology to pre-cook and flavour rice for foodservice (cutting preparation from ~18 minutes to 5), closed an €870,000 capital increase covered by existing shareholders plus new food-industry investors including Santiago Sala through MGM Saiso, at a €9.3M valuation. It was also selected for EIT Food's 'Food as Medicine' programme at the Haifa hub.