Clean Food Group Secures £2.5m Funding from Clean Growth Fund, Igniting UK Food-Tech Innovation

• Clean Food Group secures £2.5 million funding from Clean Growth Fund for sustainable oils and fats technology
• Technology platform uses yeast strains and food waste to offer eco-friendly alternatives to traditional oil ingredients
• Food production contributes significantly to global greenhouse emissions, with palm and soy oils driving deforestation
• Clean Food Group’s product reduces greenhouse gases by 90% compared to traditional palm oil
• Investment partners include Agronomics, Alianza Team, Doehler Group, and SEED Innovations Ltd.

Pioneering UK-based Bio-Tech Business Clean Food Group Secures £2.5m Funding

In a significant move towards sustainability and combating climate change, the UK food-tech business Clean Food Group has secured £2.5 million in funding from Clean Growth Fund, a climate-specific UK venture capital fund. This funding will enable Clean Food Group to accelerate the commercialization of its sustainable oils and fats technology, which aims to provide sustainable alternatives to traditional oil and fat ingredients.

Addressing the Climate Crisis Through Sustainable Food Solutions

The food production industry currently accounts for a substantial 25% of global greenhouse emissions. High yield monocultures are contributing to increasing levels of diseases, deforestation, and land exhaustion. Additionally, food waste, which represents 30% of global food production, is not efficiently recycled back into the food ecosystem. Vegetable oils like palm and soy are major drivers of deforestation, making up 20% of global deforestation and contributing significantly to total global greenhouse gases.

Clean Food Group’s innovative technology platform utilizes proven, scalable yeast strains and fermentation technology, with food waste as its primary food source. The company’s go-to-market product, an alternative to high oleic palm oil, has been validated to deliver a remarkable 90% reduction in greenhouse gases compared to traditional palm oil. This sustainable oil can be seamlessly integrated into various consumables, including baked goods, confectionery, and cosmetics applications.

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Partnerships and Investments Driving Innovation

Clean Food Group has garnered investments from notable entities such as Agronomics, Alianza Team, Doehler Group, and SEED Innovations Ltd. These investments have supported the company’s mission to revolutionize the food industry with sustainable solutions. The partnership with Clean Growth Fund signifies a significant step towards scaling up Clean Food Group’s technology platform and advancing crucial regulatory and commercial pathways.

CEO and Co-founder of Clean Food Group, Alex Neves, expressed enthusiasm about the collaboration with Clean Growth Fund, emphasizing the importance of accelerating innovation to address climate change and create a healthier, more sustainable global food system. The endorsement from Beverley Gower-Jones, Founder and Managing Partner of Clean Growth Fund, highlights the impressive capabilities of Clean Food Group’s team and their potential to reduce the reliance on palm oil production, a major contributor to deforestation and global CO₂ emissions.

Pioneering Sustainable Solutions for a Healthier Planet

Clean Food Group’s mission is to deliver scalable, healthier, and competitively priced ingredients that positively impact the economic, environmental, and social health of the planet. With a team boasting extensive experience in bio-tech, the food industry, and retail businesses, Clean Food Group is well-equipped to lead the charge towards a more sustainable future. Supported by venture capital and family office investors, the company’s proprietary technology platform, developed over 8 years of pioneering research, showcases its commitment to driving innovation in the food-tech industry.

Clean Food Group’s innovative approach to sustainable oils and fats technology sets a strong example for the food industry. By securing funding from Clean Growth Fund and forging strategic partnerships, Clean Food Group is poised to make a significant impact in reducing carbon emissions, mitigating climate change, and fostering a more sustainable global food system.