Spain’s Plant-Based Meat Leader Bags €20M EU Bank Investment & Promises Q4 Profitability

Heura Foods, a Spanish plant-based meat startup, has secured a €20M loan from the European Investment Bank to expand its product offerings beyond vegan chicken, burgers, and sausages. The company aims to become profitable by the end of 2025, with plans to introduce new nutrient-dense plant-based products such as cold cuts, non-dairy cheese, and protein-rich pasta.

With sustained sales growth in Southern Europe and a focus on innovation, Heura Foods has emerged as a leader in the plant-based meat category in Spain. The company has received significant funding, including a €40M Series B round last year, and the recent loan from the EIB, totaling €108M raised. By diversifying its product lineup and focusing on sustainability, Heura Foods is poised to continue its growth and make a significant impact in the plant-based food sector.