What is Volare?
Volare operates at the intersection of biotechnology and industrial sustainability. Based in Finland, the company has developed a proprietary process that refines food industry waste into high-quality protein and lipid products. This innovative approach not only mitigates the environmental impact of food waste but also provides a sustainable alternative to traditional feed and cosmetic ingredients. By focusing on the circular economy, Volare is carving out a distinct market position as a key supplier for industries seeking to reduce their carbon footprint while maintaining product quality and performance standards.
How much funding has Volare raised?
Volare has raised a total of $30.3M across 2 funding rounds:
Unspecified
$830K
Unspecified
$29.5M
Unspecified (2021): $830K with participation from Maki.vc
Unspecified (2025): $29.5M led by Ilmastorahasto - The Finnish Climate Fund, Springvest Oy, Firstminute Capital, and Maki.vc
Key Investors in Volare
Ilmastorahasto - The Finnish Climate Fund
The Finnish Climate Fund is a state-owned special assignment company that focuses on combating climate change and promoting digitalization through responsible financing solutions.
Springvest Oy
Springvest is a prominent Finnish growth investment service that connects high-potential unlisted companies with investors seeking to support transformative business models.
Firstminute Capital
Firstminute Capital is a seed-stage investment fund backed by over 130 unicorn founders, providing strategic support and capital to ambitious early-stage startups across Europe and the US.
What's next for Volare?
With the recent infusion of capital, Volare is expected to accelerate its industrial scaling efforts and expand its production capacity to meet international demand. The strategic focus will likely shift toward optimizing supply chain logistics and deepening partnerships within the global feed and cosmetics markets. As the company transitions into a more mature operational phase, the emphasis will remain on maintaining its competitive edge in bio-refining efficiency and ESG-compliant production. Investors are closely monitoring Volare as it continues to demonstrate the commercial viability of waste-to-value models in the European deep-tech landscape.
See full Volare company page
