Edonia raises EUR 15 million from SWEN Blue Ocean 2, Asterion Ventures, EIT Food Ventures, Bpifrance

Edonia, which makes spirulina-based protein ingredient Edo, raised EUR 15 million in a private funding round including SWEN Blue Ocean 2, Asterion Ventures, EIT Food Ventures and non-dilutive France 2030 support from Bpifrance. Proceeds will fund industrial scale-up, including a full-scale site planned within a year. Edonia reported EUR 30 million in pre-orders.