Cubiq Foods receives funding from Blue Horizon Ventures

Spanish cultivated fats producer Cubiq Foods has secured funding from Blue Horizon Ventures.

The €5m ($5.3m) in funding will be used by the food company to develop its healthy fat offerings.

Cubiq Foods co-founder and CEO Andrés Montefeltro 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 an industrial scale by the end of this year.”

Established in 2018, Cubiq Foods has been producing cell-based oils, which are claimed to be rich in omega-3. It has developed new ways to prepare oil or water emulsions that aid in replacing saturated vegetable and animal fat ingredients.

Besides focusing on the development of fat alternatives, Cubiq Foods plans to use the investment to expedite the production of omega-3 from cultured fat cells.

Later this year, the company is reportedly planning to launch its two products, namely vegan Smart Fat and micro03.

Vegan Smart Fat is claimed to contain fewer calories in comparison to animal and saturated vegetable fats while micro03 is said to be a microencapsulated omega-3 that can be used in functional foods.

Blue Horizon Ventures focuses its investment in food-tech firms and plant-based brands.

In February, Blue Horizon participated in a funding round of Alpha Foods, which raised $28m to support its business growth to meet the growing demand for plant-based protein in the US.

Among the other companies that participated in the funding round included New Crop Capital.