Formo vs Remilk
Remilk holds the stronger position because giants have a harder time copying its fermentation process and it faces fewer well-funded rivals than Formo does.
Formo
German startup making cheese from koji fermentation and lab-grown casein, not cows
Dimension by dimension
| Dimension | Formo | Remilk |
|---|---|---|
| Staying power of the core product | Formo's koji-based cheese and lab-grown casein face the same lack of AI exposure. | Remilk's fermented dairy proteins are a physical food product that AI tools cannot replace. |
| Exposure to AI | Also marked unlikely, for the same reason: cheese is not a software task. | Marked unlikely to be absorbed by AI, since it makes a physical ingredient. |
| How easily a giant could copy them | Rated likely, meaning a large food company could reproduce Formo's approach with fewer barriers. | Rated only possible for a giant to replicate Remilk's process. |
| Pressure from rivals | Faces a wider field, including General Mills, Hochland-backed Remilk, and Perfect Day's India plant nearing shipments. | Faces one strong first-mover, ImaginDairy, backed by Strauss Group, which beat Remilk's own dairy venture to shelves in Israel. |
| Financial footing | Raised $4.7M in 2019, then €42M in 2021, then $61M in 2024, a larger and more recent raise than Remilk's. | Raised $11.3M in 2020, then $120M in 2022, but only about $20M in its most recent 2024 round. |
| Overall standing | Described as losing its protection. | Described as protection under test. |
Questions people ask
- Remilk vs Formo, which one is in a better spot right now
- Remilk is rated protection under test while Formo is rated losing its protection. Remilk also faces a giant-copy risk rated only possible, compared to likely for Formo.
- Which company has more competition, Remilk or Formo
- Formo faces more rivals, including General Mills, Hochland-backed Remilk, and Perfect Day. Remilk mainly contends with ImaginDairy, which is backed by Strauss Group.
- Who has raised more money, Remilk or Formo
- Remilk raised more overall, with a $120M Series B in 2022, but its 2024 round was smaller at about $20M. Formo's most recent 2024 round was $61M, larger than Remilk's latest raise.
- Can a big food company easily copy Remilk or Formo
- A giant copying Formo's process is rated likely, while doing the same to Remilk is only rated possible. This gives Remilk a slight edge in how hard it is to replicate.
- Is either Remilk or Formo at risk from AI replacing their product
- No, both make physical food products, so AI absorbing their core offering is rated unlikely for each.
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