Spanish fats producer Cubiq Foods has secured €5m in funding from Blue Horizon Ventures, to support the development of its healthy fat offering.
Founded in 2018, Cubiq Foods is developing a technological platform to produce cell-based oils rich in omega-3 and new methods to prepare oil/water emulsions which can replace saturated vegetable and animal fat ingredients in food production.
Blue Horizon Ventures is a venture capital fund, which focuses on investing in food-tech firms promoting progress towards a more sustainable food system.
The firm has backed multiple plant-based brands including Beyond Meat and Love Raw – which secured a multi-million-pound investment from BHV earlier this year – and its portfolio also includes microalgae, synthetic biology and compostable packaging firms.
According to Cubiq Foods, the capital will be used to accelerate the production of the company’s omega-3s from cultured fat cells, and the industrial development of healthier fat alternatives.
The firm says that two new Cubiq Foods products will become commercially available later this year: vegan Smart Fat, aimed at providing an alternative, with fewer calories, to animal and saturated vegetable fats in processed foods; and micro03, a ‘new generation’ of microencapsulated omega-3 for functional foods with high omega-3 content.
Andrés Montefeltro, CEO and co-founder of Cubiq Foods, said: “Sustainable omega-3 and vegan healthier fats inspire our team and partners. We are ready to deliver a new generation of nutritious, healthy and accessible products at industrial scale by the end of this year.”
