EvodiaBio is a company.
EvodiaBio has raised $11.0M across 2 funding rounds.
Key people at EvodiaBio.
EvodiaBio has raised $11.0M in total across 2 funding rounds.
EvodiaBio is a Danish bio-industrial startup founded in 2021 that produces sustainable natural aromas using patented precision fermentation technology, primarily targeting the food and beverage industry.[1][2][5] The company recreates nature's aromatic molecules like monoterpenes through yeast-based processes, starting with its flagship product Yops, an aroma blend that enhances the taste of non-alcoholic beer (NAB) while serving breweries by reducing reliance on resource-intensive hops.[1][2][3][4] It solves key problems including sustainability (hops farming uses vast water and land), climate vulnerability (90%+ reduction in CO2 and water emissions), and poor NAB flavor profiles, enabling authentic taste without compromising the planet.[2][3][4] Backed by €13.4M+ in funding from investors like Symrise, RA Capital, EIFO, and Nordic Foodtech VC, EvodiaBio shows strong growth with 70+ commercial brews, 10+ projects with top-40 global breweries, and plans to expand into food, perfumes, and cosmetics.[3][6][7]
EvodiaBio emerged from a research project at the Technical University of Denmark, evolving into a company in 2021 based in Copenhagen.[2][5][7] Co-founders Prof. Sotirios Kampranis, Dr. Simon Dusséaux, Dr. Victor Forman (scientific experts in bioscience), and Jarne Elleholm (co-founder and chairman) developed the core technology to produce volatile hop-like aromas via precision fermentation, addressing the low yields and high costs of plant extraction.[3][8] Early traction came from intensive R&D backed by BioInnovation Institute (Novo Nordisk Foundation-funded), leading to a patented process and Yops launch.[2][3] Pivotal moments include a $6.4M raise in 2024 with Symrise and others, followed by a €7M round led by EIFO and The March Group, plus U.S. investment from RA Capital, propelling it from lab to industrial-scale production with regulatory approvals and market demand within 3.5 years.[3][6][7]
EvodiaBio rides the precision fermentation wave in biotech, mirroring successes like Perfect Day or Geltor by replacing crop-dependent ingredients amid climate change and rising NAB demand (a fast-growing segment).[2][3][6] Timing is ideal: hops shortages from weather volatility, plus regulatory pushes for green food tech, favor its resource-light model amid global sustainability mandates.[4][7] Market forces like non-alcoholic beverage boom and flavor/fragrance industry shift to biotech (valued at billions) amplify its potential, influencing the ecosystem by enabling scalable natural aromas for beverages, food, perfumes—paving green transitions in F&B without depleting scarce resources.[1][3][6]
EvodiaBio is poised for global scaling with recent €7M+ infusions fueling commercialization, brewery expansions, and diversification into full beverages, food, and fragrances—aiming for unicorn status in industrial biotech.[6][7] Trends like climate-resilient supply chains, NAB market growth (projected 10%+ CAGR), and biotech maturation will propel it, potentially disrupting $10B+ aroma markets. Its influence may evolve from NAB specialist to aroma platform leader, as proven tech de-risks replication across volatiles, tying back to its mission of mirroring nature sustainably for a tastier, greener planet.[1][6]
Key people at EvodiaBio.
EvodiaBio has raised $11.0M in total across 2 funding rounds.
EvodiaBio's investors include Nordic FoodTech VC.
EvodiaBio has raised $11.0M across 2 funding rounds. Most recently, it raised $7.0M Series A in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $7.0M Series A | Nordic FoodTech VC | |
| Dec 1, 2022 | $4.0M Seed | Nordic FoodTech VC |
