KTH Holding AB invests in the foodtech company Nutrient
Nutrient develops climate-smart food. Since its inception in 2016, Nutrient has developed a vegan product with low climate impact based on Swedish peas, Tempeh, while conducting research on using insects as raw material. Now KTH Holding AB invests in the company and becomes a partner to support Nutrient’s continued work going forward.
Consumers are increasingly aware of the food’s climate impact and the demand for climate smart alternatives is growing rapidly. 25 percent of the Swedes are eating vegetarian one time or more per week, and half of these are choosing vego for environmental and climate reasons. *
The Foodtech company Nutrient was created with the ambition of developing and producing climate smart and nutritious foods with high protein content. Today, the company has two different focus areas; The first is the development of a unique system for growing insects on a large scale to be used as a food ingredient.The other focus area is the development of the protein-rich herbal product line Tempeh, launched on the market in October 2017. Tempeh is based on Swedish peas and is sold, for example, at Urban Deli in Stockholm.
“Our goal is to make a real difference to the environment by creating sustainable food that tastes really good. Having KTH Holding as an investor, will open up new opportunities for us and we look forward to taking the company to the next level”, says Adam Engström, Founder of Nutrient.
Nutrient entered the KTH Innovation pre-incubator in November 2017, but has developed rapidly and is already moving on.
“KTH Holding invests in approximately 5 companies out of the the around 300 business ideas supported each year by KTH Innovation. We strongly believe in Nutrient’s business concept and team”, says Lisa Ericsson, CEO of KTH Holding AB.
In addition to being backed by KTH Holding, Nutrient also was selected as one of the 5 companies that were admitted to the Sting Incubate program in February. Sting is one of the leading incubators in the Nordics and supports startups with for example business development, financing and recruitment.
For more information or pictures, please contact:
Adam Engström, Nutrient
Mobile: +46 73 073 22 14