Rival Foods has raised €10 million in Series B funding to enhance production capabilities and scale its innovative plant-based meat alternatives in the growing Dutch market.

Information on the Target

Rival Foods is a pioneering manufacturer of fully plant-based meat alternatives, founded in 2019 as a spin-off from Wageningen University & Research in the Netherlands. The company specializes in developing whole-cut meat substitutes that closely replicate the taste, texture, and overall experience of animal-based cuts. Its products are designed for both food service and retail markets, ensuring a clean label with no artificial additives and a minimally processed profile.

Recently, Rival Foods secured €10 million ($11.5 million) in Series B growth financing, which aims to enhance the company's production capabilities and facilitate a broader market presence. With this funding, Rival Foods plans to not only double its production capacity at its facility in Geldrop, Netherlands but also improve manufacturing technology to achieve cost parity with animal meat, all while maintaining the quality of taste, texture, and nutritional value.

Industry Overview in the Netherlands

The demand for plant-based foods has been on the rise globally, with the Netherlands positioning itself at the forefront of this trend. The Dutch market, characterized by progressive consumer attitudes towards sustainability and h