The Spanish foodtech startup CUBIQ FOODS has snapped up €5 million from Blue Horizon Ventures (BHV), a leading global investor in foodtech, alongside Moira Capital Partners SGEIC.
CUBIQ FOODS, founded in 2018 by Dr. Raquel Revilla and the entrepreneurs Andrés Montefeltro and Jordi Bladé, is producing healthy fats that can replace saturated vegetable and animal fat ingredients. In this way, the company promotes a positive global impact on the environment, human health and animal rights. It is also the first company focused on this type of food application to produce at industrial scale.
One of its products, called vegan ‘SMART FAT#, offers a full flavour profile with fewer calories, less saturated fats, is a sustainable emulsion, and is made using 100 percent natural ingredients. The function of this ‘SMART FAT’ is to replace animal fats in processed meat products, dairy derivatives and saturated vegetable fats (such as coconut oil) in vegan food products.
It also produces ‘micro03’, a new-generation of microencapsulated omega-3 for ‘functional foods’ with high omega-3 content. Multilayer microencapsulation protects the highly concentrated essential oils, maintaining their properties without any of the fish flavours. This can help food manufacturers deliver doctor recommended daily amounts of omega-3 into new, affordable products to support optimal health, particularly cardiovascular and the central nervous system.
Its new investor, Blue Horizon Ventures, specializes in the sustainable food sector, focusing on food technology that promotes a positive global impact on the environment, human health and animal rights. The new BHV investment will allow the startup to accelerate the production of CUBIQ FOODS products and launch industrially at the end of 2020.
Andrés Montefeltro, CEO and co-founder of CUBIQ FOODS says; “Sustainable omega-3 and vegan healthier fats inspire our team and partners. We are ready to deliver a new generation of nutritious, healthy and accessible products at industrial scale by the end of this year.”