We are a Nordic deeptech company that creates radically sustainable drop-in proteins and lipids for the use of feed, pet food and cosmetics industries. Our fully circular production only uses food industry side streams as raw materials. The environmental footprints of our products are a fraction of those that we are replacing.
Our products are perfect for companies and consumers who are ready for a radical change in how food is produced: no compromises in the highest quality, circularity at the heart of the process and in industrial scale for a tangible impact.
Our roots are in science and years of research at a VTT Technical Research Centre of Finland. Hence, learning and developing is in our DNA on every level. We are backed by Maki.vc, which invested in us in our seed round in spring 2021.
Our products are perfect for companies and consumers who are ready for a radical change in how food is produced: no compromises in the highest quality, circularity at the heart of the process and in industrial scale for a tangible impact.
Our roots are in science and years of research at a VTT Technical Research Centre of Finland. Hence, learning and developing is in our DNA on every level. We are backed by Maki.vc, which invested in us in our seed round in spring 2021.
Location: Finland, Mainland Finland, Riihikoski
Employees: 1-10
Total raised: $30.45M
Founded date: 2021
Investors 1
Funding Rounds 2
| Date | Series | Amount | Investors |
| 27.05.2025 | - | $29.61M | - |
| 17.06.2021 | - | $834.1K | - |
Mentions in press and media 11
| Date | Title | Description |
| 26.03.2026 | Insect ag recalibrates after a brutal shakeout: Where are the key players now? | The insect ag industry is littered with the corpses of startups who found out the hard way that scaling biological systems is not as easy as it looks, prompting a wave of think pieces suggesting its days are numbered. Despite the sector’s w... |
| 11.12.2025 | The biggest European foodtech deals in H1 2025 | The first half of 2025 showed continued momentum across Europe’s foodtech landscape, driven by growing demand for sustainable, scalable and resource-efficient food solutions. Investment activity reflected a maturing ecosystem in which innov... |
| 10.06.2025 | Data Dive: Can Finland sustain 2024 funding levels and become a true food innovation hub? | Finland recalls a typical Nordic scenario. Picture a robust ecosystem of government-backed initiatives that foster startup creation and provide crucial funding to complement and support private VC investments. Public institutions offer acce... |
| 28.05.2025 | Insects to the Rescue: How Volare is Revolutionizing Protein Production | In a world grappling with food security, a Finnish startup is turning the tide. Volare, based in Pori, has just secured €26 million in funding to build a groundbreaking facility. This isn't just any facility; it's designed to be the most ef... |
| 27.05.2025 | Volare Raises €26M in Funding | Volare, a Pori, Finland-based biotechnology food company, raised €26M in funding. Backers included Maki.vc, Firstminute Capital, Springvest, The Finnish Climate Fund (to be merged with Finnish Industry Investment), Finnvera, Norion Bank, an... |
| 27.05.2025 | Can flies feed the world? This Finnish BioTech startup thinks so—and just raised €26 million to prove it | Pori-based BioTech company Volare today announced the closing of a €26 million funding round to build Volare 01 – a facility aiming to become the most efficient protein production plant in the world, and to advance its technology. The round... |
| 27.05.2025 | Volare raises €26M to advance sustainable insect protein production | Finnish biotech company Volare has closed a €26 million funding round to build protein production plant Volare 01 and to advance its unique technology. Volare turns food industry side streams into sustainable insect protein, oil and fertili... |
| 13.08.2023 | Europe will strengthen its position in these 3 industries within the next decade | The European startup ecosystem’s decades-long innovation push has already produced widely known brands like Adyen, Klarna, Skype, Spotify, Supercell, Wise, Wolt, and Zalando. And thanks to a strong commitment to the green transition, common... |
| 11.10.2021 | Agritech and foodtech startups successfully completed their acceleration programme run by EIT Food Helsinki Hub for the second time | Agritech and foodtech startups successfully completed their acceleration programme run by EIT Food Helsinki Hub for the second time Mon, Oct 11, 2021 07:15 CET Ten Nordic startups participated in the second food acceleration programme at th... |
| 17.06.2021 | Volare Raises €0.7M in Funding | Volare, a new spinoff startup from VTT Technical Research Centre of Finland, raised €0.7M in funding. Maki.vc made the investment. Co-founded by CEO Tuure Parviainen and CTO Matti Tähtinen, and also led by newly named COO Jarna Hyvönen, Vol... |
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