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Appointment of Edwin Moses as Chairman to support the leadership team in maximising the value of the technology platform.

Berlin, 10 September, 2024 — German food fermentation startup Formo has secured $61 million in Series B funding to scale its operations. The round includes existing investors, such as Foodlabs, EQT Ventures, Lowercarbon Capital, Happiness Capital, Elevat3 Capital, M Ventures and Grazia Capital, and welcomes new investors, such as Sazaby League, Seven Ventures, Woodline Partners, Indiposa Investments, The Nature Conservancy as well as the REWE Group, Europe's second largest retailer.