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Mycorena

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Making sustainable fungi-based vegan protein, while reducing waste and water usage in food industry

Göteborgs Stad, SwedenFounded 2017Energy
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Mycorena and the history behind them.

About Mycorena

Mycorena is a pioneering startup in the alternative protein sector, focusing on creating sustainable, fungi-based protein solutions for the food industry. The company operates primarily in the vegan and sustainable food markets, targeting food manufacturers, culinary professionals, and businesses seeking innovative and eco-friendly protein ingredients.

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Mycorena's core product, Promyc, is a vegan protein ingredient derived from fungi. Promyc boasts a neutral taste and a meat-like texture, making it versatile for various culinary applications. It is also highly nutritious, containing 60% protein and 12% fiber, which appeals to health-conscious consumers and food producers alike.

The company employs a unique business model that revolves around sustainability and waste reduction. Mycorena's proprietary fermentation process not only produces high-quality protein but also recycles industrial waste and water, contributing to a lower environmental footprint compared to traditional animal and plant-based proteins. This eco-friendly approach aligns with the growing consumer demand for sustainable and ethical food production.

Mycorena generates revenue by selling Promyc to food manufacturers and culinary professionals who incorporate it into their products to create innovative, plant-based food items. The company also collaborates with other businesses to develop new products, providing them with a competitive edge in the market.

Recently, Mycorena has secured SEK 77 million in pre-series A funding to accelerate its growth and scale up production. This financial boost will enable the company to expand its operations and meet the increasing demand for sustainable protein alternatives.

In summary, Mycorena is transforming the protein landscape with its innovative, fungi-based protein solutions, catering to the needs of the modern, eco-conscious food industry.

Source: Dealroom company data

At a glance

Founded
2017
Headquarters
Göteborgs Stad, Sweden
Sector
Energy

Investors

9 investors on the cap table

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

Seed9 investors entered at this stage

  • EIT Climate KIC
  • Expand Research
  • GlassWall Syndicate
  • Falkenbergs Sparbanks Foundation
  • Kale United
  • Bertebos Foundation
  • EIT FAN Helsinki (Food Accelerator Network)
  • VEOS
  • Vinnova
Team profiled 5 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
1 countries with
team presence
🇸🇪 Sweden100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Mycorena 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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