During the development of Grated Parmesan, Armored Fresh created a patented technology that mimics the traditional process of grating aged cheese rather than using the typical spray-drying method.
Growth in the vegan cheese market is fueled by increasing lactose intolerance, rising vegan and flexitarian populations, and environmental concerns associated with dairy farming.
The surge in veganism and the growing preference for plant-based foods worldwide are among the primary drivers propelling the global plant-based cheese market forward.
Spearheading this latest funding effort are SPI fund (Sociétés de Projets Industriels) and French Tech Seed, both managed by Bpifrance (Banque Publique d'Investissement) on behalf of the French government. Astanor Ventures, Redalpine, Newfund, and VERSO Capital also joined in this round.