About Formo
Formo is a Consumer company based in Berlin (Germany) founded in 2019. Dairy alternative cheeses are produced using precision fermentation. Formo has raised $115.49 million across 4 funding rounds from investors including Merck, REWE Group and European Investment Bank. Formo offers products and services including Frischhain Plain, Frischhain Herbs, and Frischhain Tomato. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Products. Its legal entity is Formo Bio. Its competitors include GREEN EDGE and There is a bee on the roof.
Company details
Formo was founded in 2019 in Berlin, Germany, and operates in the food technology sector focused on dairy alternatives. Animal-free milk proteins are created through precision fermentation, which are then combined with plant-based fats, carbohydrates, and salt to form a base for cheese recipes. This approach enables the production of dairy-like products without animal involvement, targeting sustainable food options in the European market.
- Total Equity Funding$115.49M (USD)
in 4 rounds
- Latest Funding Round$35.76M (USD), Debt – Venture
Jan 2025
- InvestorsMerck
& 19 more
Products & Services of Formo
Formo offers a comprehensive portfolio of products and services, including Frischhain Plain, Frischhain Herbs, and Frischhain Tomato.
Rich, creamy animal-free cream cheese for everyday culinary use.
Herbed alternative providing flavorful options for recipes and meals.
Tomato-flavored cheese substitute for diverse and sustainable cooking.
Funding Insights of Formo
Formo has successfully raised a total of $115.49M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $35.76 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $115.49M
- Total Rounds 4
- Last Round Debt – Venture — $35.76M
- First Round $4.49M
(Dec 2019)
- Investors Count 20
All 4 funding rounds of Formo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $35.76M | Debt – Venture | – | – | |
| Sep 2024 | $61M | Series B | – | FoodLabs, EQT Ventures | |
| Sep 2021 | $50M | Series A | – | EQT Ventures, Elevat3 Capital | |
| Dec 2019 | $4.49M | Seed | – | Agronomics |
20 investors in total: 19 institutional and 1 angel.
Investors in Formo
Formo has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Merck, REWE Group and European Investment Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Finance and advisory services for infrastructure projects are provided. | 1958 | eib.org | Luxembourg, Luxembourg | |
FoodLabs is engaged in supporting food innovation startups. | foodlabs.com | Berlin, Germany | ||
Venture capital investments in technology and innovation sectors. | eqtventures.com | |||
Venture capital fund focused on tech startups | lowercarboncapital.com | New York, United States | ||
Early-stage investments are targeted globally by this VC fund. | happinesscapital.com | Hong Kong, China | ||
| elevat3.vc | ||||
Venture capital firm investing in multiple sectors | m-ventures.com | Amsterdam, Netherlands | ||
Venture capital investments are made in innovative startups by Grazia Equity. | 1998 | grazia.com | Germany | |
Venture capital and acceleration offered to media startups. | commerceandventures.com | Munich, Germany | ||
Investor details for Formo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Formo
40 people are tracked at Formo (10 in leadership, 30 in team).
| Name | Role | Group |
|---|---|---|
Roman Plewka | CFO | Leadership |
Charles-Henri Decool | Head Of Operations | Leadership |
Sandra Wilde | Co-founder & VP Food R&d | Leadership |
Raffael Wohlgensinger | Co-Founder & CEO | Leadership |
Igor Lev, Ph.D. | Head Of Bioprocess | Leadership |
Lisa Feldhoff | Chief People Officer | Leadership |
Carel Smit | Director, IP | Leadership |
Christian Poppe | Senior Director, Global Public Affairs, Strategic Communications & Sustainability | Leadership |
Matthias Schmalisch | Vice President Of Bio R&d | Leadership |
Jakob Schmidt | Sales Director | Leadership |
Christian B. | Lebensmitteltechnologe | Team |
Thomas Schubert | Senior Food Scientist | Team |
Thuy Vi Co | Associate Food Scientist | Team |
Martin Zarapchiev | Associate Scientist | Team |
Kai Nolte | Product Developer | Team |
Oscar Zollman-Thomas | Business Analyst | Team |
Maxi Wiegand | Trade Marketing Manager | Team |
Emmanuel Kojo Okai Afoakwah | Strategy Associate | Team |
Kira von Bongartz | Scientist Downstream Processing Development | Team |
Jan van Schwamen | Key-account-manager | Team |
20 more people are available in the full profile.
Complete people profiles for Formo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Formo
3 dated milestones of Formo across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Formo is founded.
- Funding First funding round of $4.5M.
- Funding Latest funding round, Debt – Venture, of $35.8M.
Competitors of Formo
Formo has 2 listed competitors in our database. They include GREEN EDGE and There is a bee on the roof.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getgreenedge.com | 2014 | Berlin, Germany | Platform for signing up to receive updates on an upcoming service. | |||
| thereisabeeontheroof.de | 2018 | Hamburg, Germany | Operates as a brand offering high-quality plant-based products. |
Detailed competitors of Formo
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Related news about Formo
Complete news archive for Formo
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Frequently Asked Questions about Formo
Formo was founded in 2019.
Formo is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Formo is a funded company, having raised a total of $115.49M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4.49M, raised on Dec 2019.
Formo was founded in 2019 in Berlin, Germany, and operates in the food technology sector focused on dairy alternatives. Animal-free milk proteins are created through precision fermentation, which are then combined with plant-based fats, carbohydrates, and salt to form a base for cheese recipes. This approach enables the production of dairy-like products without animal involvement, targeting sustainable food options in the European market.
Formo's top competitors include GREEN EDGE and There is a bee on the roof.
Formo offers Frischhain Plain, Frischhain Herbs, and Frischhain Tomato.
Formo has 20 investors. Key investors include Merck, REWE Group, European Investment Bank, The Nature Conservancy, and Agronomics.
Formo operates through Formo Bio.