Finnish plant-based cheese producer Mö Foods has secured €2.4 million in funding to scale its oat-based cheese alternatives. The company, founded in 2017 by siblings with a background in dairy farming, produces cheese alternatives made from locally grown Finnish oats. Mö's products, which mimic the flavor and texture of conventional cheese, have gained popularity in Nordic retailers and are now expanding to other European markets.

With a focus on sustainable production, Mö's products have a lower carbon footprint than traditional dairy cheese. The company's technology utilizes the entire oat, reducing waste and making the production process more efficient. Mö's success in the plant-based cheese category has outpaced industry growth, and the company is now preparing to license its technology to major European food producers. This funding marks a turning point for Mö Foods, as they continue to innovate in the plant-based food space.