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Time-travelling Milkman Secures €850K Investment to Revolutionize Dairy Alternatives

Netherlands 03.04.2024
Source: The DairyNews
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Time-travelling Milkman, a food tech company based in Wageningen, Netherlands, has announced a significant milestone in its journey towards transforming the dairy alternative market.
Time-travelling Milkman Secures €850K Investment to Revolutionize Dairy Alternatives
The company has successfully secured €850K in a Seed round of funding from a consortium of investors led by Alianza Team, with continued support from existing shareholders Oost NL, SHIFT Invest, and Oterap.

This infusion of capital is poised to propel Time-travelling Milkman towards its ambitious goals of enhancing team capabilities, ramping up production scale, and broadening the market reach of its flagship product, Oleocream. Oleocream, heralded as a natural, healthy, and sustainable solution for creaminess, stands at the forefront of the company's mission to revolutionize traditional dairy alternatives.

Dimitris Karefyllakis, CEO and co-founder of Time-travelling Milkman, expressed his gratitude towards the investors, stating, "We have a clear plan on how we want to achieve our ambitions with TTM. You can’t do this alone; you need partners to help you take the next step. Alianza Team, Oost NL, SHIFT Invest, and Oterap are now supporting us with knowledge, network, and capital, to optimize our production on an industrial scale and achieve all our commercial targets."

This latest funding round builds upon the momentum generated by previous investments in the company, reaffirming investor confidence in Time-travelling Milkman's innovative approach to dairy alternatives.

Future-proofing Dairy with Time-travelling Milkman

Founded as a spin-off of Wageningen University & Research (WUR) and Startlife Alumni, Time-travelling Milkman (TTM) is on a mission to revolutionize the dairy landscape by offering a compelling alternative to traditional dairy products. Recognizing the shortcomings of existing plant-based dairy substitutes in terms of taste, texture, and nutrition, TTM endeavors to bridge this gap by introducing unparalleled creaminess to plant-based alternatives.

Traditionally, creamy products such as ice creams, breakfast spreads, and cooking creams rely on dairy cream for their luxurious texture. However, Time-travelling Milkman employs an innovative approach, harnessing the power of plant seeds to create Oleocream—a breakthrough solution that mimics the creaminess of dairy without the environmental drawbacks.

Through a patented process, Time-travelling Milkman extracts natural fat droplets, known as Oleosomes, from seeds. These Oleosomes serve as the foundation for Oleocream, enabling it to seamlessly integrate into a variety of products while delivering a creamy and indulgent experience.

Investing in Innovation and Sustainability

The backing from Alianza Team marks a significant milestone for Time-travelling Milkman, as the multinational leader in the lipid, nutrition, and frozen bakery sector brings over 75 years of expertise to the table. Luis Alberto Botero, CEO and President at Alianza Team, expressed enthusiasm about the partnership, emphasizing their shared commitment to innovation and sustainability in the food industry.

Oost NL, representing the provinces of Gelderland and Overijssel, alongside the Ministry of Economic Affairs and Climate, underscores its support for entrepreneurial ventures driving sustainable innovation and internationalization.

With this latest investment and strategic partnerships in place, Time-travelling Milkman is well-positioned to revolutionize the future of dairy alternatives, offering healthier, more sustainable choices for consumers worldwide.
Jon Patterson
Jon Patterson
Owner of Patterson Farms in Cayuga County and director of the Northeast Dairy Producers Association.
Central New York was chosen to host the North American Manure Expo in July 2024. What does that have to do with the Finger Lakes? Everything. Our farmers were identified as industry leaders in sustainability. It is a testament to the environmental stewardship efforts implemented on farms across our region and state.
Ching Yee Lin
Ching Yee Lin
copywriter who focuses on the historical and contemporary issues concerning the Singapore society
Have you ever been told growing up that drinking milk is good for you? Let’s see if the beverage is actually good for you.
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