Foodiq

Foodiq

A unique food manufacturer that can both develop and produce plant-based products. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€52—78m (Dealroom.co estimates Jun 2022.)
Company register number 2724296-6
Helsinki Uusimaa (HQ)
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DateInvestorsAmountRound
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€13.0m

Seed
Total Funding€13.0m

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FoodIQ is a Finnish food technology startup that operates in the rapidly expanding plant-based food market. The company provides product development and production services, with a particular focus on plant-based 2.0 food. Essentially, FoodIQ is a business-to-business (B2B) service provider, aiding other food companies in creating innovative plant-based dairy and dry-mix products.

The company's business model is service-oriented, offering expertise in the development of all-natural, clean-label plant-based food products. These products are designed to be packed with flavor, color, and texture, making them appealing to the modern consumer who is increasingly conscious of health and sustainability.

FoodIQ's services also extend to helping companies transform manufacturing waste into viable food products, demonstrating a commitment to sustainability and waste reduction. Additionally, the company is exploring the potential of fermentation as a method of food production, indicating a forward-thinking approach to food technology.

The company generates revenue by offering these services to food industry clients. As the demand for plant-based food products continues to grow, FoodIQ is well-positioned to capitalize on this trend by providing the necessary expertise and production capabilities to food companies looking to expand their plant-based offerings.

In conclusion, FoodIQ is a unique player in the food tech industry, offering specialized services in the development and production of plant-based food products. The company's focus on sustainability, innovation, and taste positions it well in a market that is increasingly demanding such attributes.

Keywords: Food Technology, Plant-Based Food, Product Development, Production Services, Sustainability, Clean-Label, Waste Reduction, Fermentation, Service-Oriented Business Model, B2B.