The proceeds will be used to fund Vivera’s expansion plan aimed to triple revenues from EUR 85m in 2020 to EUR 250m in 2025. In order to meet growing demand for vegetarian and vegan food, Vivera will invest at least EUR 30m in expansion of its production facilities in the Netherlands over the next 3 years. The European plant-based food market is expected to continue to see strong double-digit growth, driven by a number of favourable long-term market trends (e.g. increased sustainability awareness, focus on healthy lifestyles and improvements in product quality and affordability). During the Covid-19 lockdown, demand grew even faster on the back of increasing health awareness and high demand in the food retail channel. Vivera has strong growth expectations and is committed to support the movement to healthier and more sustainable plant-based diets.