Producing protein ingredients from microalgae biomass

 

Edonia, a Paris-based startup, has secured €2 million ($2.1 million) in funding to further its mission of producing protein ingredients from microalgae biomass, particularly spirulina or chlorella. Led by CEO Hugo Valentin, Edonia aims to address the growing global demand for sustainable protein sources as the world's population continues to increase.

Valentin, who co-founded Edonia after his experience with another spirulina-focused company called Ammi, believes in the potential of microalgae as a nutritious and environmentally friendly alternative to traditional meat products. Edonia's proprietary process, called "edonization," transforms microalgae biomass into a textured super ingredient with improved taste, texture, and nutritional qualities.

The edonization technique not only alters the color and texture of microalgae but also enhances its flavor profile, making it more suitable as a meat substitute in products like ground meat alternatives. Edonia's flagship product, Edo-1, offers an umami-like flavor and a texture reminiscent of ground meat, making it an appealing option for plant-based diets.

In addition to its culinary benefits, Edo-1 boasts nutritional advantages, containing approximately 30% protein along with essential amino acids, minerals, and vitamins. Furthermore, Edonia's microalgae product demonstrates significant environmental advantages over traditional meat, emitting far less carbon dioxide during production according to a Life Cycle Assessment conducted in collaboration with AgroParisTech.

With the recent funding, Edonia plans to scale up its production capabilities to meet market demand. Valentin aims to establish a full-scale factory within the next two years and is already collaborating with food manufacturers to develop innovative recipes and food products incorporating Edo-1.

Despite being a novel food product, Edonia is not subject to stringent regulatory hurdles in France or the European Union, allowing for a quicker path to market. The company plans to launch its products in Europe first before expanding globally through strategic partnerships.

The funding round was led by French venture capital firm Asterion Ventures, with participation from BPI. The investment will support the development of a pilot plant, further research and development efforts, and the commercialization of Edonia's innovative microalgae-based protein ingredients.