Kouvola-based Finnish Food Factory, a contract manufacturer of alternative plant-based diary products, announced they have secured €10 million.
The investment comes from the Taaleri Bioindustry Fund I, an Article 9 fund that looks to support the transition towards more sustainable, plant-based dairy production.
“Finnish raw materials – particularly oats – have become a staple in consumers’ diets. With many years of expertise in plant-based products, the cornerstone of our operations is efficient, innovative and reliable production. We are excited to welcome Taaleri Bioindustry as our growth partner,” says Tuomas Kukkonen, Chair of the Board at Finnish Food Factory.
Founded in 2020, Finnish Food Factory specialises in the production of plant-based dairy alternatives for well-established global and Nordic brands, including Fazer. The company says it has increased its turnover more than tenfold from 2020 (€1.2 million)…
