Investment Climate Podcast: Anik Thaler of Fabas, How to Get Funded in 2024

In a recent episode of the Investment Climate Podcast, Alex Shandrovsky interviews Anik Thaler of Fabas Foods, discussing the challenges and strategies involved in securing investment for a food tech startup. Anik shares insights on the importance of investor relationships, the pivotal decisions that shaped the company's direction, and the recent successful seed round closure of over CHF 1.3 million led by a Swiss family office and corporate investors. The conversation also touches on the necessity of pivoting business strategies, as Fabas Foods transitioned from a B2C brand to a B2B ingredient supplier to address market needs more effectively.

Through the podcast, Anik emphasizes the difficulties of cold outreach, particularly when targeting Family Offices, and stresses the importance of warm connections within the investment community. Additionally, she highlights the significance of speed to market in the current business environment and discusses Fabas Foods' use of extraction and fermentation technology to develop dairy alternatives using familiar ingredients like fava beans, peas, and chickpeas.