Finnish Food Factory has secured a €10 million investment from Taaleri Bioindustry Fund I to support the expansion of its plant-based dairy production. The Kouvola-based contract manufacturer produces oat- and pea-based drinks, yogurts, cooking creams, and other plant-based products for both Nordic and international brands, including Fazer. The company’s turnover has grown from €1.2 million in 2020 to €13.5 million in 2024, reflecting a growing market for plant-based alternatives and Finnish Food Factory’s focus on reliable, carbon-neutral production. The funding will be used to increase production capacity and extend market reach, aligning with broader trends toward sustainable, plant-based dairy options.
Based in Kouvola, Finnish Food Factory produces a range of plant-based products including oat- and pea-based drinks, spoonable yogurts, cooking creams, protein drinks, sauces, spreads, and other dairy alternatives. The company operates on a carbon-neutral basis, relying on renewable electricity and sustainable Finnish ingredients. Its production processes follow recognized food safety and traceability standards, and it collaborates closely with clients on product development.
“Finnish raw materials – particularly oats – have become a staple in consumers’ diets. With many years of expertise in plant-based products, the cornerstone of our operations is efficient, innovative and reliable production. We are excited to welcome Taaleri Bioindustry as our growth partner,” says Tuomas Kukkonen, Chair of the Board at Finnish Food Factory.
The company has experienced significant growth in recent years. Turnover increased from €1.2 million in 2020 to €13.5 million in 2024, reflecting the rising demand for plant-based alternatives and the company’s focus on reliable, scalable production. Finnish Food Factory supplies both established Nordic and global brands, including Fazer, and emphasizes efficiency, innovation, and quality in its operations.
Taaleri Bioindustry Fund I, which focuses on investments in growth companies in the bioeconomy and circular economy sectors, has raised over €100 million in commitments, of which about half has been deployed. This investment marks the fund’s sixth deployment and is part of a broader trend of financing companies that support sustainable and low-carbon alternatives in the food industry.
“We are pleased to begin our collaboration with Finnish Food Factory. With its experienced team, the company has achieved successful growth in both local and international markets while consistently delivering reliable production and value-add to its global customers,” says Marjatta Rytömaa, Managing Director at Taaleri Bioindustry.
The funding is expected to allow Finnish Food Factory to expand its production capacity, strengthen its supply chains, and meet increasing demand for plant-based products in a market that is seeing steady growth across Europe.
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Read the orginal article: https://arcticstartup.com/finnish-food-factory-raises-e10-million/
