Luya Raises CHF 5 million to fuel EU expansion and achieve profitability

26.09.2024 17:36, Rita Longobardi

Swiss FoodTech startup Luya Foods has secured CHF 5 million in a Series A funding round. The fresh capital will support the company’s mission to break even in Switzerland and prepare for its entry into the EU market, with its innovative plant-based meat alternatives made from upcycled okara.

Swiss FoodTech startup Luya Foods has raised CHF 5 million in a Series A round, with investors including Redalpine, Kickfund, and sustainability advocate Lisa Schmidheiny. The funds will help the company reach profitability in Switzerland and prepare for EU expansion.

Luya Foods, founded in 2021, has developed a unique approach to upcycling okara, a nutrient-rich byproduct of soy milk and tofu production. Instead of going to waste or being used as animal feed, the Bern-based startup transforms okara into plant-based meat alternatives like nuggets, burger patties, and sliced products. The company operates from a former chocolate factory in Bern-Bümpliz, utilizing natural fermentation processes with minimal processing.

Luya’s products are currently available through its online store, Migros, Farmy, and Coop, and are also served in restaurants such as Tibits and institutions like Zurich Children's Hospital. In addition to the funding, the company has strengthened its board by adding Uwe Sommer, a former executive at Lindt & Sprüngli and Mars, to guide its international growth strategy.

With this fresh investment and new expertise, Luya is well-positioned to expand its innovative, sustainable food offerings across Europe.

Luya Foods was ranked among the TOP 100 Swiss Startups from 2022 to 2024 and won the final stage of Venture Kick in 2022.

Luya Foods Co-Founders: Tobias Kistler, Nina Schaller, and Flavio Hagenbuch