F
Formo
Food · Berlin, Germany · Founded 2019
A food biotech company on a mission to bring the next generation of sustainable, healthy, and equitable dairy products to consumers MoreLess
Formo is a food biotechnology company operating at the intersection of food science and environmental sustainability, focused on producing animal-free dairy alternatives. The company was founded in Berlin in 2019, initially as LegenDairy Foods, by Raffael Wohlgensinger and Dr. Britta Winterberg. Wohlgensinger, the CEO, comes from a business and venture development background with previous experience at Atlantic Food Labs, a venture capital firm focused on food and sustainability. His transition to a vegan diet and dissatisfaction with existing cheese alternatives spurred his interest in creating high-quality, animal-free dairy. Winterberg, a molecular biologist with a background in fungal microorganisms and protein expression, served as the Chief Scientific Officer. In April 2021, the company rebranded to Formo, a name derived from Latin meaning "I mold, I form," to better reflect its consumer-facing mission of combining traditional cheesemaking heritage with scientific advancement.
Formo's business model is primarily direct-to-consumer (B2C), aiming to establish a strong brand presence rather than supplying ingredients to other companies. The company targets consumers who are looking for sustainable and ethical food choices without compromising on the taste and texture of traditional dairy products. Its market strategy involves launching products directly into retail and food service channels. A significant milestone was achieved in September 2024 with the launch of its first cheese alternatives, 'Frischhain' (a cream cheese style) and 'Camembritz' (a camembert style), in over 2,000 stores across Germany and Austria, including major retailers like REWE, BILLA, and Metro. This launch was supported by a $61 million Series B funding round, bringing the company's total funding to over $115 million.
The company employs a dual-technology approach. The initial product line utilizes micro fermentation with Koji, a fungus with a long history in Asian cuisine, to produce Koji protein. This protein serves as the base, which is then combined with plant-based fats and carbohydrates. This process is more environmentally friendly, reportedly reducing emissions, land use, and water consumption significantly compared to conventional cream cheese production. Concurrently, Formo is advancing its precision fermentation platform to create bio-identical dairy proteins like casein. This technology involves encoding microorganisms with milk protein DNA sequences and growing them in fermenters, similar to brewing. The resulting proteins are identical to those from cows, enabling the creation of cheeses with the meltability and stretchability consumers expect from traditional dairy, a feature the Koji-based products do not yet fully replicate. Products featuring these precision-fermented caseins are anticipated to launch in 2025 and will allow Formo to expand into hard cheeses. These products are also free from lactose, antibiotics, and hormones.
Keywords: precision fermentation, animal-free dairy, cellular agriculture, food biotechnology, alternative proteins, sustainable food, vegan cheese, Koji protein, casein, micro fermentation, foodtech, dairy alternatives, Berlin startup, Raffael Wohlgensinger, non-animal cheese, sustainable protein, cultured dairy, food innovation, climate tech, bio-identical protein
Company overview
Formo company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Berlin, Germany
- Employees
- 86
- Open positions
- None listed
- Dealroom signal
- 63.3
Valuation & funding
Formo funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Mar 2025 | $0 | — | REWE | — |
| DEBTDebt | Jan 2025 | $36M | — | European Investment Bank | ↗ |
| LATE VCOther financing | Dec 2024 | $0 | — | Future Food Fund | — |
| LATE VCOther financing | Oct 2024 | — | — | Grazia Equity · Commerce and Ventures(SevenVentures) · EQT Ventures · The Nature Conservancy | — |
| SERIES BOther financing | Sep 2024 | $61M | $243M | Grazia Equity · Commerce and Ventures(SevenVentures) · EQT Ventures · M Ventures | ↗ |
| SERIES AOther financing | Sep 2021 | Lowercarbon Capital · Elevat3 Capital · EQT Ventures | — | ||
| SEEDOther financing | Dec 2019 | Agronomics · CPT Capital · M Ventures | ↗ | ||
| SEEDOther financing | Jun 2019 | FoodLabs | — | ||
| SEEDOther financing | Jan 2019 | FoodLabs | — | ||
| SEEDOther financing | 2019 | ProVeg Incubator | — |
Growth signals
Formo website traffic
Latest recorded traffic for Formo is 0 monthly website visits, down 100% over the last three months. Formo's team declined 11.3% over the past year.
Comparisons
Formo compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
Infinite RootsUsing biotechnology to create the next generation of sustainable foods from the roots of mushrooms |
Hamburg, Germany | Operational | 67 | $89M | $232M |
Solar FoodsIntroducing a game-changing natural protein for the global food industry |
Helsinki, Finland | Operational | |||
Les Nouveaux AffineursPlant-based dairy products |
Lacroix-Saint-Ouen, France | Acquired | |||
New CultureNew Culture is making cow cheese without the cow |
San Francisco, United States | Operational | |||
Stockeld DreameryAims to develop plant based food alternatives using science and technology |
Solna kommun, Sweden | Acquired | |||
A2OFermented plant-based foods from locally sourced peas |
Huddinge kommun, Sweden | Operational | |||
Cheese The QueenMaking a dairy-free delicacy |
Sofia, Bulgaria | Operational | |||
IntegricultureCultured cell products, ingredients and clean meat |
Fujisawa, Japan | Operational |
Talent graph
Formo's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Formo has talent and traffic
team presence
In the news
Latest news about Formo
Recent press, funding announcements, and product moves mentioning Formo — open to read from the original sources.
Market sentiment
What the market is saying about Formo
An AI-synthesized read of the highest-engagement posts about Formo on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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