Veganz Eyes Turnaround with Launch of Mililk FoodTech & $35M Sale of OrbiFarm

Veganz Doubles Down on FoodTech Future with Mililk Spin-Out and €30M Exit

After several turbulent years, Berlin-based Veganz Group AG is laying the groundwork for a foodtech resurgence. The company has spun off its 2D-printed dairy alternative brand Mililk into a separate entity, Mililk FoodTech GmbH, and secured fresh capital through the €30 million sale of its indoor farming subsidiary OrbiFarm. The moves pave the way for strategic investors to join in Q3, with a targeted pre-money valuation of €80 million and a new…

Veganz Eyes Turnaround with Launch of Mililk FoodTech & $35M Sale of OrbiFarm

5 Mins Read Germany’s Veganz Group has established Mililk FoodTech to unlock hidden business value following a 34% drop in sales last year, and will sell its OrbiFarm subsidiary for €30M ($35M). Following three years of revenue decline, German plant-based pioneer Veganz Group is eyeing a turnaround with strategic investment and a restructuring of its operations. The holding company has set up Mililk FoodTech as a new subsidiary to “leverage hidd…