Cubiq Foods, a Spanish company specialising in solutions for the food industry located in Granollers (Barcelona), has raised a total of €5.75 million from three investors: Cargill, Moira Capital Partners, SGEIC and NewTree Impact. This investment round allows Cubiq Foods to expand its commercial and production operations in North America and Europe, as well as to launch new products for its growing customer base. Cargill’s investment is the first step in a strategic partnership that includes a product development plan and a commercial agreement to promote and sell Cubiq Foods’ products.
Andrés Montefeltro, CEO of Cubiq Foods said: “The process towards sustainable food has begun. Aspects such as producing food with less reliance on scarce ingredients, always keeping in mind the nutritional aspect and improving juiciness and consumer experience are imperative in the development of new food products. We are developing ingredients and processes to help the food industry succeed and lead the constant evolution of today’s food chain.”
Cubiq Foods was founded at the end of 2018 and is dedicated to providing alternative fat solutions for food applications and has a growing customer base. In 2020, it raised €10 million in a Series A led by Moira Capital Partners and Blue Horizon Ventures, increased its team to 50 people, developed 3 product lines and started commercialising an innovative fat substitute, with customers in Spain, UK, Ireland and the US.
King & Wood Mallesons advised Cubiq Foods with a Corporate/M&A team led by partner Pablo Diaz, along with lawyer Enrique Murillo.