Volume with a direct climate-saving impact In the future, Agrain will develop the company with the backing of a new and strong team of investors. All are carefully selected for their deep insight, understanding of the market and the company's potential. With respect for Agrain's mission and an ambitious strategy, the next years of development and growth will focus on increased knowledge and sales of upcycled and specialized flour ingredients, to the food industry and foodservice. Thomas Høgenhaven, Investor and founder of Planetary Impact Ventures, says: "Sustainability is our fundamental investment parameter and Agrain is well on its way to taking a crucial role in improving the health of the planet. At the same time, we recognize a sensible and interesting business model that supports the company's sustainability vision. Therefore, we have also chosen to participate in this new capital increase,". New capital to accelerate commercialisation The first step is the establishment of an R&D team to support customers in product development and use of Agrain's ingredients. At the same time, Agrain continues an already ongoing growth and development of new upcycled options and ingredients at the company's factory in Denmark, which will be expanded in 2023 with a 200% increase in capacity. The company is also investing further in its patent portfolio, which supports the foundation of the company's future growth. A strong team, new profiles The team will continuously be strengthened with new skilled profiles within sales, development, production, and marketing. Just joined in new positions are: - Jesper Clement (Head of Operations). Jesper comes from a position as General Operations Manager at Saadeddin Pastry Group; he was initially educated as a baker and, after a few months, has already doubled capacity and initiated important certification projects and onboarded new suppliers. Jesper's background also provides great support for the company's product development.
- Michael Forster (CFO). Michael comes from a position as Nordic Finance Manager at L'Oréal Denmark. Michael will digitize and optimize the company's financial management and ensure the important development of Agrain's circular business model, enabling the company's mission to implement a sustainable financial result.
New investors accelerate an ambitious and international growth strategy It has been important for Agrain to expand its ownership with ambitious and international investors, as the company is already experiencing important growth in the largest European markets. "Agrain has a strong vision and a solid data foundation for the company's impressive sustainability claims. We are very impressed with the depth of their knowledge and the huge impact the company has the potential to achieve. We believe Agrain will become an important reference point for innovative food manufacturers, focusing on future growth through a sustainable perspective. Collateral Good Ventures focuses on two areas - reducing food waste and sustainable packaging. Agrain hits us right in the heart and we look forward to showing the world the way to a more circular food system together," says Founder & Managing Partner Michael Kleindl, from Collateral Good Ventures. " Agrain has taken a significant and interesting lead. And with their technology they will contribute to solve one of the food industry's major climate challenges. The company has strong growth potential, a strong team and new experienced and visionary forces on the board. At the Danish Export and Investment Fund (EIFO), we want to contribute to the development of new green, innovative solutions that make Denmark richer and the world greener. Therefore, we are very pleased that we, with this investment, contribute to Agrain's continued growth journey," says Jonas Bjaaland from EIFO, Denmark's Export and Investment Fund (Former Danish Growth Fund).
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