Israeli food-tech company Brevel has raised more than US$5 million in a seed extension up-round, bringing the total investment to US$25 million. The investment allows the company to accelerate its go-to-market strategy and develop microalgae proteins for F&B applications.Investors decided to increase their stake in the company, including: NevaTeam Partners, Siddhi Capital, European Union’s EIC Fund, Good Protein Fund, The Food Tech Lab and PVS Investments. In addition, the extension attracted multiple new investors who were granted access under the same terms.
