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ENOUGH

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Fermented fungi protein for sustainable food production

Glasgow, United KingdomFounded 2015Food
Valuation $100–250M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About ENOUGH

ENOUGH, formerly known as 3F BIO, is a food technology company founded in Glasgow, Scotland, in 2015 by Jim Laird, David Ritchie, and Craig Johnson. The founders combined their backgrounds in the food industry and chemical engineering to address the challenge of sustainable protein production for a growing global population. The company's core mission is to make protein sustainable through a zero-waste fermentation process.

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The company produces ABUNDA® mycoprotein, a food ingredient derived from fermenting fungi with sugars from renewable feedstocks like grains. This process is significantly more resource-efficient than traditional animal protein production, using substantially less water and feed while generating fewer CO2 emissions. The resulting mycoprotein is a whole food ingredient rich in protein and fiber, containing all nine essential amino acids. It has a neutral taste and a fibrous, meaty texture, making it a versatile component for developing alternatives to meat, fish, and dairy products.

ENOUGH operates on a business-to-business (B2B) model, supplying its ABUNDA® ingredient to food manufacturers, retailers, and food service companies. This strategy aims to accelerate the adoption of sustainable protein by enabling other companies to expand their plant-based product lines. The company has a production facility in Sas van Gent, Netherlands, strategically co-located with a Cargill facility that supplies the necessary glucose feedstock. ENOUGH has an ambitious goal to produce one million tonnes of mycoprotein cumulatively by 2032.

The company has successfully raised significant capital to fund its expansion, with total funding surpassing €110 million from multiple rounds. Key investors include CPT Capital, Nutreco, Cargill, World Fund, and Scottish Enterprise. These investments are being used to scale up production capacity to meet the increasing demand from the alternative protein market.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Glasgow, United Kingdom
Employees
18
Open positions
None listed
Dealroom signal
61.5/100
Sub-industry
Innovative Food
Sector
Food, Biotechnology, uk rio, rio engineering biology, rio precision fermentation, Synthetic Biology, Spinout, Alternative Protein, Meat Substitute, Sustainable Development Goals, Mycelium Technology, Mycoprotein, Seafood Substitute
Business model
Manufacturing

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Feb 2024 — — Cargill Ventures ↗
SERIES COther financing Aug 2023 $44M $231M Tailored Solutions Wealth Management · Scottish Enterprise Growth Investments · HAL Investments · AXA Investment Managers ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMargin
2026
2025
2024
2023
2022
2021 —
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Growth signals

ENOUGH website traffic

Latest recorded traffic for ENOUGH is 1.5K monthly website visits, down 50% over the last three months. ENOUGH's team grew 0% over the past year.

Latest monthly visits1.5K 3-month web change-50% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • University of Strathclyde
  • Scottish Enterprise Growth Investments
  • EOS Technology Investment Syndicate
  • DCVC
  • Horizon 2020

Series A6 investors entered at this stage

  • Nutreco
  • Olympic Investments
  • Tailored Solutions Wealth Management
  • AXA
  • HAL Investments
  • CPT Capital

Series B and later3 investors entered at this stage

  • World Fund
  • AXA Investment Managers
  • Cargill Ventures
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇳🇱 Netherlands50%
🇬🇧 United Kingdom23.9%
🇧🇪 Belgium19.6%
🇩🇪 Germany2.2%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ENOUGH on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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