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EvodiaBio has raised $11.0M across 2 funding rounds.
Key people at EvodiaBio.
EvodiaBio has raised $11.0M in total across 2 funding rounds.
Based in Copenhagen, Denmark, EvodiaBio is a biotechnology company that develops sustainable natural aromas for the food, beverage, and fragrance industries using patented precision fermentation technology. The company utilizes engineered yeast strains to convert sugar into complex terpenoid molecules, creating cost-effective volatile aromas that replicate the taste of hops for non-alcoholic beer production. Operating with one to ten employees, the enterprise has facilitated more than 70 commercial brews and over 10 active projects with top-40 global breweries. EvodiaBio has secured multiple financing rounds, including a $6.4 million investment and a recent €6 million round led by RA Capital, with additional backing from Symrise and the BioInnovation Institute. The corporate board includes industry executives such as former Carlsberg Chairman Flemming Besenbacher. The organization was founded in 2021 by Sotirios Kampranis, Simon Dusséaux, Victor Forman, and Jarne Elleholm.
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 | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $7M Series A | — | Nordic Foodtech VC | Announced |
| Dec 1, 2022 | $4M Seed | — | Nordic Foodtech VC | Announced |
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]
