Vegan cheese start-up Stockeld Dreamery raises €16.5m in funding round

Swedish plant-based cheese start-up Stockeld Dreamery has announced it has raised €16.5 million from investments in its Series A funding round.

The investments were led by existing supporters Astanor Ventures and Northzone, and also included new European investors, such as Gullspång Re:food and Eurazeo.

Daniel Skaven Ruben, head of strategy and special projects for Stockeld Dreamery, said: “We think it’s possible to create cheese in better ways, and that no one has tried hard enough yet to do so. Our first product, Stockeld Chunk launched in May 2021 and gave a hint as to what’s possible.”

He continued: “One of the things we’re most proud about with Stockeld Chunk is how much people love eating it. We’ve worked intensively with scores of chefs over the past few years to help nail every sensory aspect. We’ll continue to be as laser-focused on great taste as we launch our new products.”

By 2022, Stockeld plans to expand its team and move into a brand-new headquarters and pilot production plant in Stockholm, Sweden.