Fabas Secures Seed Financing Round

Zurich-based start-up Fabas has successfully closed its seed financing round, raising over CHF 1.3 million. Founded in 2021, Fabas aims to promote pulses like beans and peas as valuable plant-based protein sources. With this new funding, the female-led company plans to become a leading B2B supplier of pulse-based protein ingredients for plant-based food alternatives.

This latest financing brings Fabas' total funding to over CHF 3.2 million, including previous investments and grants from programs such as KlimUp, Innosuisse, and the Swiss Re Foundation. The financing round was led by a Swiss family office, with participation from industrial and private investors, as well as several business angels.

Fabas has developed an extraction technology that produces minimally processed protein extracts from peas and fava beans. These extracts aim to improve the nutritional value, taste, and sustainability of plant-based foods. Initial applications target the dairy industry, with plans to bring a plant-based yogurt pre-mix to market by the end of 2024.

Anik Thaler, CEO of Fabas, stated, “Advancing plant-based nutrition is key to a sustainable and climate-friendly future.” Board member Alain Raymond added that the extraction technology enhances the company's ability to offer high-quality protein ingredients to the food industry.