Greencovery raised an angel round from Oterap to continue its growth in upcycling ingredients from food companies side-streams. The investment is direct to expanding Greencovery’s capabilities to achieve growth in key markets.
“We are excited to have Oterap joining us to scale our company. We share the same passion of upcycling ingredients and believe in the impact that our company and technology can have in multiple applications. We have been working together during the last year and they have leverage their network and share their market knowledge to accelerate many of our applications” Carlos Cabrera, Managing Director at Greencovery.
“We are very pleased to add Greencovery to our portfolio” says Ad van Vugt, Director at Oterap B.V. “Our goal with Oterap is to change the food industry from within and make food production more sustainable. Greencovery fits in every aspect of our goals!”
Greencovery is fast-growing company that enables food companies to upcycle valuable ingredients from their side-streams. It was founded in 2018 to valorize the hidden potential from food side-streams worldwide. Greencovery’s own separation technology can be applied to a variety of different ingredients and is used to produced circular flavours, supplements and other food ingredients for the growing sports nutrition, drinks and protein alternatives market.
Oterap B.V. is a family-investment fund which aims to support start-ups with their goals to change the way we produce food, mainly through a more sustainable or circular approach. Oterap supports these startups with capital, network and knowledge.
Interested in what we can do for your business?
We are here to accelerate the time-to-market of new ingredients recovered from sidestreams making your business more feasible and sustainable.