Taaleri Bioindustry, the Helsinki-based investment arm of Taaleri Group, has invested €10 million in Finnish Food Factory, a contract manufacturer specialising in plant-based dairy alternatives.
The deal comes through Taaleri Bioindustry Fund I, which has already raised more than €100M in commitments.
Scaling sustainable dairy alternatives
Founded in western Finland, Finnish Food Factory develops and produces oat-based and other plant-based drinks, cooking products, and snacks for global and Nordic brands — including Fazer. Its revenue surged from €1.2M in 2020 to €13.5M in 2024, driven by growing demand for long shelf-life plant-based products.
“With its experienced team, the company has achieved successful growth in both local and international markets while consistently delivering value to customers,” said Marjatta Rytömaa, Managing Director at Taaleri Bioindustry.
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Funding utilisation
The fresh capital will go toward expanding production capacity and strengthening market reach. As an Article 9 fund, Taaleri Bioindustry Fund I specifically supports projects that advance the bioeconomy and circular economy, with plant-based dairy carrying a much lower carbon footprint than cow’s milk.
Tuomas Kukkonen, Chair of Finnish Food Factory, added:
“Finnish raw materials, especially oats, have become staples in modern diets. With Taaleri as a growth partner, we can accelerate production and innovation while meeting the rising global demand for plant-based products.”
About Taaleri Bioindustry
Part of the publicly listed Taaleri Group (Nasdaq Helsinki), the company has been active in bio-based investments since 2007 and positions itself as one of the first private equity operators in Finland’s bioindustry sector. Its current portfolio spans scale-ups and industrial-scale projects across the bioeconomy.
