ProVeg Incubator
Overview
ProVeg Incubator is a venture capital firm dedicated to supporting plant-based and cultured food startups worldwide. Established in 2018, it operates as part of ProVeg International, a non-governmental organization focused on transforming the global food system. The incubator's mission is to reduce global animal consumption by 50% by 2040 by fostering innovative companies developing alternatives to animal-based products and ingredients. The firm offers a comprehensive accelerator program that spans five months, providing startups with industry knowledge, resources, and connections essential for growth. This program includes expert mentoring, funding opportunities up to $10 million, and access to a global network of investors, retailers, scientists, and journalists. Additionally, ProVeg Incubator offers in-kind services valued at $75,000, encompassing workshops, coaching sessions, and the use of facilities such as co-working spaces and test kitchens in Berlin. Since its inception, ProVeg Incubator has supported over 100 startups from various countries, including Germany, India, Mexico, Chile, Israel, Indonesia, China, Australia, and New Zealand. These startups have collectively raised more than €230 million and have their products available in over 15,000 stores. Notable alumni include Formo, Remilk, Vly Foods, Gourmey, and Mushlabs, all of which have benefited from the incubator's resources and network to advance their missions in the alternative protein sector.
Investment Focus
- Innovative plant-based or cultured food products
- Scalable business models
- Commitment to reducing animal-based product consumption
Portfolio Companies
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Frequently asked questions about ProVeg Incubator
What sectors does ProVeg Incubator invest in?
ProVeg Incubator invests in Food and Beverage, Agtech, Biotechnology, Nutrition and Food Processing, and is based in Berlin, Germany. ProVeg Incubator is listed as a venture capital in the ConnectSafely investor database.
What stage does ProVeg Incubator invest at?
ProVeg Incubator backs companies at Pre-Seed and Seed, writing cheques of 500K - 10M.
Which regions does ProVeg Incubator invest in?
ProVeg Incubator invests across Germany, Australia, China, India, Mexico and Indonesia.
What companies has ProVeg Incubator invested in?
ProVeg Incubator's portfolio includes Remilk, Formo, Mushlabs, Vly Foods and Gourmey.
How do I contact ProVeg Incubator?
ProVeg Incubator's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of the team.
Last updated · Source: ConnectSafely investor database
