Berlin, January 22, 2025 – Project Eaden, a Berlin-based climate tech innovator, has successfully closed an oversubscribed Series A funding round, securing a significant investment of 15 million euros, which translates to approximately 16 million dollars based on current exchange rates. This financial boost will propel their mission to revolutionize the plant-based meat alternative sector. The funding round was spearheaded by Planet A and REWE Group, demonstrating strong industry confidence. Further contributions came from notable investors including DeepTech & Climate Fonds (DTCF), Happiness Capital, and AgriFoodTech Venture Alliance. Existing investors such as Creandum and FoodLabs also reaffirmed their belief in Project Eaden by participating again in this round.
Pioneering Realistic Meat-Free Alternatives
Project Eaden stands out due to its groundbreaking fiber technology, drawing inspiration from the textile industry. This innovative approach enables them to produce plant-based meat alternatives that convincingly mimic the taste and, crucially, the texture of traditional meat. The newly acquired 15 Million Euros To Dollars investment will be strategically deployed to facilitate the market launch of their ham products across Germany. Furthermore, a portion of the funds will be dedicated to the research and development of additional whole cut meat alternatives, expanding their product range and market reach. Consumers in Germany can anticipate the arrival of Project Eaden’s ham products at REWE supermarkets starting in mid-2025, marking a significant step towards mainstream availability.
Sustainability and Scalability at the Core
A key pillar of Project Eaden’s mission is sustainability. The company underscores the substantial ecological advantages of their production methods. For every kilogram of plant-based meat alternative produced, they achieve a reduction of 20 kilograms in CO₂ emissions compared to conventional meat production. Moreover, their process significantly curtails water and land usage, addressing critical environmental concerns associated with traditional meat industries.
“Our primary goal is to simplify the choice for consumers to opt for plant-based alternatives over animal meat,” states Jan Wilmking, co-founder of Project Eaden, highlighting the company’s commitment to consumer-friendly sustainable options.
Beyond the imminent launch in Germany, Project Eaden has ambitious plans for broader European expansion. “Our technological framework is adaptable, cost-effective, and possesses high scalability,” adds co-founder Dr. David Schmelzeisen, emphasizing the potential for rapid growth and market penetration. With this latest financing round, Project Eaden’s total funding has reached 27 million euros, solidifying its position as a leading innovator in the climate tech and food tech space. Project Eaden’s journey exemplifies the transformative potential of applying textile technology innovations to reshape the food industry, offering viable and appealing alternatives to traditional meat consumption. It’s worth noting that Project Eaden had previously announced an extended seed financing round in January 2023, indicating a consistent trajectory of growth and investor confidence.
