About Solar Foods
Solar Foods is a company based in Lappeenranta (Finland) founded in 2017.. Solar Foods has raised $48.96 million across 13 funding rounds from investors including Fazer, European Union and Agronomics. Solar Foods offers products and services including Solein and Solein Shake. Solar Foods operates in a competitive market with competitors including Enifer, MeEat Food Tech Oy, Plantagusto and Raisio Nordik, among others.
- Headquarter Lappeenranta, Finland
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solar Foods Oyj
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48.96 M (USD)
in 13 rounds
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Latest Funding Round
$10.45 M (USD), Grant
Mar 04, 2025
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Investors
Fazer
& 11 more
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Employee Count
Employee Count
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Products & Services of Solar Foods
Solar Foods offers a comprehensive portfolio of products and services, including Solein and Solein Shake. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protein grown from air and electricity through fermentation process.
Shake providing daily protein needs using Solein ingredient.
Funding Insights of Solar Foods
Solar Foods has successfully raised a total of $48.96M across 13 strategic funding rounds. The most recent funding activity was a Grant round of $10.45 million completed in March 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 Total Funding
- Total Rounds 13
- Last Round Grant — $10.5M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Grant - Solar Foods | Valuation |
investors |
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| Apr, 2024 | Amount | Series B - Solar Foods | Valuation | Springvest |
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| Nov, 2023 | Amount | Series B - Solar Foods | Valuation | Springvest |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solar Foods
Solar Foods has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Fazer, European Union and Agronomics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Springvest is recognized as a leading growth investment service in Finland.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted globally by this VC fund.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in European startups across sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solar Foods
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solar Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solar Foods Comparisons
Competitors of Solar Foods
Solar Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enifer, MeEat Food Tech Oy, Plantagusto and Raisio Nordik, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fungi-based proteins are developed for sustainable food chain solutions.
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| domain | founded_year | HQ Location |
Plant-based meat products are developed and offered by the brand.
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| domain | founded_year | HQ Location |
Plant-protein research and development company
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for plant-based meat alternatives.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solar Foods
Frequently Asked Questions about Solar Foods
When was Solar Foods founded?
Solar Foods was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Solar Foods located?
Solar Foods is headquartered in Lappeenranta, Finland. It is registered at Lappeenranta, Etela-karjala, Finland.
Is Solar Foods a funded company?
Solar Foods is a funded company, having raised a total of $48.96M across 13 funding rounds to date. The company's 1st funding round was a Series B of $8.69M, raised on Mar 23, 2018.
What does Solar Foods do?
Solar Foods finnish food-tech startup, solar foods, aims to revolutionize global food production by replacing industrial animal farming with protein production from a natural, non-modified, single-cell organism, focusing on food and agriculture tech, developing food technology, novel foods, food products, alternative proteins, meat substitute, and air based. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Who are the top competitors of Solar Foods?
Solar Foods's top competitors include Enifer, MeEat Food Tech Oy and Plantagusto.
What products or services does Solar Foods offer?
Solar Foods offers Solein and Solein Shake.
Who are Solar Foods's investors?
Solar Foods has 12 investors. Key investors include Fazer, European Union, Agronomics, Business Finland, and Finpro.