MOA Foodtech Secures €3 Million in Funding Round Led by ICOS

Spanish food biotech startup MOA Foodtech has successfully closed a €3 million funding round, spearheaded by ICOS Capital, an investment firm known for backing high-growth companies with proven scalability and market traction. Other participants in the round included Clave, Viscofan, Sodena, and Banco Sabadell.

Founded by Susana Sánchez, José María Elorza, and Bosco Emparanza, MOA Foodtech has pioneered a unique approach to transforming agricultural by-products, such as cereal and legume residues, into nutritious ingredients using advanced fermentation technologies. With a team of 15 highly skilled professionals based in Pamplona, the company aims to maximize the value of secondary agri-food streams, contributing to greater sustainability and efficiency in the food sector.

José María Elorza, co-founder and CFO of MOA Foodtech, stated that the new funds will be used to enhance the company’s commercial strategies and further develop their AI platform, Albatros, which streamlines the creation of new ingredients and solutions, reducing both time and cost.

Youandlaw, led by partner Pablo Casado, acted as legal counsel for ICOS Capital throughout the transaction. Casado emphasized the importance of a personalized approach in the startup and venture capital sector. He was supported by legal team members Icíar Zapatero and Isabel Gonzalo, who were instrumental in ensuring the successful completion of the financing round.