InProteins — Unstaged equity · €7.5M

Hijos de Rivera and the Xunta de Galicia's public venture capital arm Xesgalicia announced a joint initial investment of €7.5M with InProteins. The money will fund Galicia's first plant-based protein plant in Teixeiro-Curtis, which will use brewer's spent grain from Hijos de Rivera as one of its raw materials. The sources do not give a stage for the round or name a lead. IGAPE loans and grants plus Banco Sabadell financing take the total project to €18M, of which about €10.5M is debt. The Xunta's contribution across Xesgalicia equity and IGAPE instruments comes to €9.5M in total. InProteins also received Galicia's 2024 investment-attraction aid, which is a grant and not a round.