DFO member EvodiaBio raises DKK 45m to accelerate global growth

We’re excited to share that we’ve closed a DKK 45m funding round, led by U.S.-based RA Capital Management, with participation from Wild Radicals and Francis Family Funds, and continued support from EIFO, Newtree Impact, PINC (Paulig Group), Ananke Ventures, and our Board of Directors.

In just three and a half years, we’ve gone from a research project to industrial-scale production, with all necessary approvals in place, strong market validation, and a profitable product from day one, something rarely seen in the biotech industry.

This investment will enable us to:

• Accelerate our growth across Europe, the United States, and Canada

• Take the next step in our global expansion into Asia

• Apply our sustainable aroma technology across new beverage and aroma applications

Since launching our Yops®platform earlier this year, we’ve achieved global commercial traction with 70+ commercial brews and 10+ projects with top-40 breweries worldwide, proving both the market relevance of our technology and its potential to reduce reliance on hops - a raw material increasingly threatened by climate change.

A big thank you to our investors, partners, customers, and our incredible team for helping make this possible.

A special thanks to Børsen for covering the story: https://lnkd.in/e-ph-dk3

Read the full press release in English: https://lnkd.in/e7DpY-mm
Read the full press release in Danish: https://lnkd.in/eiRbG88