India, Feb. 26 -- The funding round was led by APG on behalf of ABP, one of the largest pension funds in the world, and Invest-NL

Vivici, the Dutch ingredients startup backed by nutrition, health and beauty multinational dsm-firmenich and dairy multinational Fonterra, announces that it has secured €32.5 million ($33.7 million) in Series A funding.

The funding round was led by APG on behalf of ABP, one of the largest pension funds in the world, and Invest-NL. Additional participation came from InnovationQuarter, as well as continued support from existing shareholders dsm-firmenich and Fonterra.

Vivici has already secured the first customer offtake agreements for its dairy protein from precision fermentation. It will use the fundin...