VENLO, the Netherlands – PectCof has raised financing from Brightlands Venture Partners, Future Food Fund and its management team. The funds will be used to accelerate technology development, scale-up the production of the company’s first product Dutch Gum and broaden the customer base.
Impact for a better future
PectCof’s technology unlocks the full potential of coffee pulp and provides an enormous positive environmental and societal impact. The coffee pulp, the side stream of the second most traded commodity in the world, is currently dumped or landfilled.
Rudi Dieleman, Co-founder: “We cut CO2 emissions and pollution by recognizing coffee pulp as a valuable resource while we also create an additional revenue stream for coffee farmers.”
PectCof’s Dutch Gum offers superior functionality at best-cost-in use
In the past years, Dutch Gum has been successfully tested as an emulsifier, stabilizer, texturizer amongst others in candies, sauces and soft drinks. The product is offering superior functionality at best cost-in-use and allowing more flexibility in formulation development.
Daniela Ribezzo, CEO: “I am very pleased to join PectCof and eager to bring the company to the next level. We are looking forward to offer our customers the opportunity to co-develop new clean-label formulations, in line with the latest trends in the food and beverages industry.”
Upcycling to novel food ingredient
This is a true example of biomass upcycling to novel functional food ingredients. Driven by consumer’s demand for clean-label ingredients and their consciousness about social-environmental impact, there is a growing need in the food and beverages industry to move towards ‘natural’ ingredients from transparent supply chains in relation to their clean-label brand-positioning.
Kim de Boer of Brightlands Venture Partners: “Contributing to a sustainable use of the earth’s resources in our food production system is a key element of our investment strategy. This investment fits well our portfolio and our focus on innovations in the food value-chain”
Enforced team already fruitful
Brightlands Venture Partners and Future Food Fund played a decisive role in giving a boost to the existing management team by recruiting additional members with a solid track record in the industry.
Jeroen Kimmels of Future Food Fund: “Impressed with the potential of the technology, we have been following PectCof for years. Anticipating a breakthrough, we felt it was time to invest and strengthen the team. This has already been fruitful; the new team has already pushed PectCof further than ever.”