Asahi invests 4.5 million Swiss francs in G.Savoglidis Embion in Switzerland
The innovative Startup has developed a biomass processing platform, forming a zero waste nextgen technological solution in the food sector
Global brewing group ASAHI Group Holdings is the lead investor in the Series A financing round of Embion Technologies. The spin-off of the Swiss Federal Institute of Technology Lausanne (EPFL) has successfully closed an equity financing round of 4.5 million Swiss francs. In addition to the existing investors, private investors who remain unknown participated in the round.
With the new capital, Embion will scale its production capabilities to expand its business as well as continue securing IP in animal and human health and nutrition. A doubling of the company’s team size is planned within the next 18 month to unlock growth in multiple market opportunities. Embion’s platform biomass processing technology enables the repurposing of food and agricultural industry by-products towards high-value, nature-derived functional ingredients. Such upcycling helps to expand food resources, supply security and sustainability with a technology that efficiently reduces the carbon footprint of food production. Embion is a Swiss industrial biotechnology and green chemistry company with global reach and impact.
“We are incredibly pleased to have Asahi on board as a lead investor sharing a common vision to accelerate the sustainability of food production and to future-proof food supply security. The functional nutrition market is evolving rapidly, and the timing of the closing of our Series A financing could not be better. It enables us to bring the unique benefits of our platform technology to market faster. Hence, our customers in the health and nutrition industries can offer products that have a positive impact on the planet and the health of its inhabitants,” said Georgios Savoglidis, co-founder and CEO of Embion.
“We see a huge future market in the whole field of upcycling industrial biomass. This area is one of the biggest drivers of transformation in the beverage and food industry. Embion is the leading innovation
driver here. We are excited to be a lead investor in the Series A funding round,” said Manabu Sami, President and Representative Director of Asahi Quality and Innovations, which is Asahi’s subsidiary.
Founded in 2016 as a spin-off from the Swiss Federal Institute of Technology Lausanne (EPFL), Embion aims to upcycle 1 million tons of biomass and save 100 million tons of CO2 by 2025. With its catalytic platform technology, Embion delivers innovative and high-value solutions to industry leaders in
nutrition and health. Its novel technological approach accelerates the development of functional foods while reducing costs and time to market.