Edonia secures €15m financing package for microalgae protein
The Series A package combines investment with non-dilutive support and bank financing.
Edonia has secured €15 million in financing to industrialise Edo, its spirulina-derived food ingredient. Backers include SWEN Blue Ocean 2, Asterion Ventures and EIT Food, alongside non-dilutive support from Bpifrance under France 2030 and bank financing. The equity portion was not separately disclosed.
The company plans a dedicated production facility in France and broader B2B sales across Europe, Japan and the United States. Edo turns spirulina into an ingredient with a grain-like texture for food manufacturers and catering businesses. Edonia also reports €30 million in pre-orders.
Use of funds
Open dedicated industrial production facility in France
Expand B2B sales in Europe, Japan and the US