From EU Startups:
Gothenburg-based Mycorena raises €1.2 million for its fungi-based protein
Swedish startup Mycorena, an alternative protein startup, has announced raising €1.2 million from a consortium of investors. The funds will finance a new industrial production plant in Falkenberg, Sweden, and help their product reach the mass market.....MORE
Founded in 2017, this biotech and foodtech startup is on a mission to create sustainable and environmentally friendly waste management solutions for food and agriculture. In early 2020, the team made headlines with the launch of their unique fungi-based protein ingredient, Promyc. The product is an alternative to both meat and traditional plant-based proteins such as soy and pea. This year, the startup expanded its product development and production operations at the Promyc Innovation Center, in Gothenburg.
The new investment round attracted investors from FBG Invest, Bertebos Foundation, Falkenbergs Sparbanks Foundation, investors from GlassWall Syndicate and the company’s existing investors, Bånt AB, Plantbase Foundation and Kale United AB. The company is also funded by EIT Climate-KIC Nordics....
