European Investment Bank backs MATR's plant-based meat revolution

Copenhagen-based food-tech startup, MATR, has secured a significant €20 million loan from the European Investment Bank (EIB), propelling the company forward in its mission to impact the food industry with innovative plant-based meat alternatives. This substantial investment will enable MATR to expand its production capacity, invest in research and development, and accelerate its market reach.

MATR's approach to plant-based meat production combines cutting-edge microbiology and culinary expertise to create products that are not only delicious but also environmentally sustainable. By utilizing locally sourced, natural ingredients and employing advanced fermentation techniques, MATR has developed a line of plant-based meat alternatives that offer a superior taste, texture, and nutritional profile compared to traditional meat products.

The €20 million funding from the EIB will be used to construct a state-of-the-art production facility, allowing MATR to significantly increase its output and meet the growing demand for sustainable food options. The company plans to invest a portion of the funds in research and development, further refining its products and exploring new possibilities for plant-based protein innovation.

"We are thrilled to receive this significant investment from the EIB," commented Randi Wahlsten, CEO & Co-founder of MATR. "This funding will enable us to scale our operations and bring our plant-based meat alternatives to a wider audience. We believe that our products offer a delicious and sustainable solution to the challenges facing the food industry today."

MATR's commitment to sustainability extends beyond its products to its entire operations. The company is dedicated to reducing its environmental footprint by minimizing waste, optimizing energy consumption, and supporting ethical sourcing practices. By choosing MATR's plant-based meat alternatives, consumers can make a positive impact on the planet while enjoying a delicious and nutritious meal.

The EIB's decision to invest in MATR aligns with its commitment to promoting sustainable development and innovation. "We are proud to support MATR's vision of a more sustainable food future," said Ioannis Tsakiris, EIB Vice President. "Plant-based meat alternatives offer a promising solution to the growing demand for sustainable protein sources, and MATR's innovative approach has the potential to make a significant contribution to this sector."