Cano-ela, a Netherlands-based foodtech startup, has raised €1.6 million in funding from existing and new investors, including Oost NL, Value Factory Ventures, and Ecoseed. This investment enables Cano-ela to scale production of innovative plant-based ingredients derived from canola seeds. CEO Juliana Romero emphasized the significance of the support received from investors amid challenging market conditions, allowing the company to upgrade its facilities and enhance production capacity. The funding will empower Cano-ela to move towards commercialization, aiming to provide sustainable food solutions in collaboration with producers.
"We are extremely proud to have completed this new financing round, despite the challenging investment climate for startups."
"The continued support of Oost NL has been instrumental in our growth, and we are happy to welcome our new investors Ecoseed and Value Factory Ventures."
"The investment in Cano-ela is a perfect example of how Oost NL can support promising initiatives, even before a company officially starts."
"This investment will allow us to upgrade our pilot facility, increase production capacity and accelerate collaborations with food producers seeking high-quality, plant-based and sustainable ingredient solutions."
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