PectCof, a Dutch startup that extracts bio-compounds (pectin) from industrial coffee waste, announced that it has raised €2M in funding from Brightlands Venture Partners, Future Food Fund, and its management team.
As a part of the funding round, Daniela Ribezzo will join the company as the new CEO.
Ribezzo says, “I am very pleased to join PectCof and eager to bring the company to the next level. We are looking forward to offering our customers the opportunity to co-develop new clean-label formulations, in line with the latest trends in the food and beverages industry.”
The funds will enable PectCof to accelerate technology development, scale up the production of its first product Dutch Gum, and broaden its customer base.