With Novel Food authorisation secured, USA-based MycoTechnology is set to accelerate its expansion into Europe, the company’s next major growth frontier. It has hired its first European sales representatives, based in Germany and the Netherlands, and has recently announced a partnership with Brenntag for distribution in the region. The company’s European expansion will be underpinned by its recent Series E fundraise, which generated $85 million to fuel the growth and proliferation of its … [Read more...] about MycoTechnology set for European expansion after EU authorises FermentIQ™ plant-based protein
MycoTechnology
MycoTechnology and IFF to Partner on Mushroom Mycelia Innovation for Alternative Proteins
MycoTechnology and IFF have entered a partnership to co-develop alternative proteins and next-generation food and beverage products for the European market. US-based MycoTechnology is the world’s leading explorer of mycelia – the “root system” of mushrooms. The new agreement will allow it to capitalise on IFF’s RE-IMAGINE PROTEIN® innovation program and use its state-of-the-art capabilities in Brabrand, Denmark, including its Culinary Design Center, which provides specialised expertise in … [Read more...] about MycoTechnology and IFF to Partner on Mushroom Mycelia Innovation for Alternative Proteins
MycoTechnology secures funding to boost mushroom-based ingredients
Colorado-based MycoTechnology has completed Series E round of funding, securing $85 million at this time. Since establishment in 2013, the company has received at least $200 million from a variety of investors. MycoTechnology will use the funding injection to further develop its proprietary fermentation platform that aims to harness the natural power of mushroom mycelia. Mycelia is considered the invisible root system of mushrooms. They aim to bring positive impact to food and nutrition … [Read more...] about MycoTechnology secures funding to boost mushroom-based ingredients
