![]() ![]() These ingredients offer solutions to issues such as “sugar reduction, food insecurity, sustainable protein, natural immune support.” How it works:įounded in 2013, MycoTechnology says it harnesses “the metabolic engine of mushrooms, known as mycelium, using natural fermentation to create novel ingredients.” In a statement, the startup said it will use the funding to “further capitalize” on its fermentation technology platform and expand its geographical footprint, launching its products in Europe, Asia, and the Middle East as priorities. Previous investors re-upping for this round included Tyson Foods‘ Tyson Ventures Continental Grain Company Bunge‘s Bunge Ventures Maple Leaf Foods S2G Ventures Evolution VC Partners and Gaingels.New investors included Nourish Ventures, the VC arm of Griffith Foods Alphacy Investment Rage Capital and Siddhi Capital.The Series E round was led by an affiliate of Omani sovereign wealth fund, the Oman Investment Authority. ![]() MycoTechnology, an Aurora, Colorado-based startup using fermentation technology and mushroom mycelia to create novel food products, has closed an $85 million round of funding. ![]()
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