A Danish business has raised an investment of 7 million euros to aid the commercialisation and expansion of its sustainable method to produce natural aroma used in non-alcoholic beer.

EvodiaBio said its technology can help improve the taste of non-alcoholic beer while reducing the use of natural resources and CO2 emissions.

With extra capital backing, the company said it aims to become a global leader in sustainable aroma development for the food industry and beyond.

“We are incredibly proud to have achieved this milestone. This funding round is an important step towards our vision of revolutionizing the food industry with sustainable and innovative solutions. With support from our investors and our strong team, we are ready to take EvodiaBio to new heights and make a significant impact on the global stage,” said Camilla Fenneberg, CEO of EvodiaBio.

Hops are one of the key ingredients that give beer its great taste, but like many of nature’s other resources, the aromatic plant is threatened by climate change. Production is declining, and quality is deteriorating. EvodiaBio has developed a technology using yeast and precision fermentation to produce sustainable aromas that create the taste of hops, they added.

These aromas are initially launched for the beer industry, where they can improve the taste of non-alcoholic beer and partially replace aromatic hops, which are currently threatened by climate change.

The company said it was experiencing high interest from breweries, and the possibilities extend beyond non-alcoholic products. With fresh capital, commercialization and expansion can be accelerated, and in the long term, EvodiaBio aims to improve the taste of various types of beverages and other food products.

Behind the ambitious Danish startup stands a strong board with prominent profiles such as Flemming Besenbacher, former Chairman of Carlsberg, Andreas Fibig, former CEO of IFF, and Anne Cabotin, former SVP at Symrise.

“I am pleased that we have now completed an oversubscribed up-round enabling us to continue our journey to make non-alcoholic beer taste great and reinvent the aroma industry by providing new sustainable solutions.

“A big thanks go out to our existing and new investors for their confidence in EvodiaBio and belief in our journey ahead.” added Chairman of the Board Jarne Elleholm.