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MycoTechnology

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Technology company that has developed a novel food processing platform using mycelial fermentation

Aurora, United StatesFounded 2013Food

Valuation $100–500M Latest valuation · 2022

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About MycoTechnology

MycoTechnology is a pioneering company in the food industry, leveraging mushroom fermentation to address some of the most pressing challenges in food production. The company focuses on creating novel solutions that enhance the taste, functionality, allergenicity, sustainability, clean label, and nutritional value of plant-based proteins. MycoTechnology serves food manufacturers and producers who are looking to improve their product offerings while addressing consumer demands for healthier and more sustainable food options. Operating in the rapidly growing plant-based food market, the company uses a business-to-business (B2B) model, generating revenue through the sale of its innovative ingredients and fermentation technology. By scaling R&D projects rapidly, MycoTechnology brings new innovations to market quickly, helping its clients stay ahead of industry trends.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2013
Headquarters: Aurora, United States
Employees: 84
Open positions: None listed
Dealroom signal: 39.0/100
Sub-industry: Innovative Food
Sector: Food, Biotechnology, Superfood, Nutrition, Synthetic Biology, Spinout, Alternative Protein, Sustainable Development Goals, Mycelium Technology, Fermentation, Enabler of Alternative Proteins, Climate Tech, DT and LS
Business model: Manufacturing
Links: Website LinkedIn X

Latest news

Press, funding announcements and product moves mentioning MycoTechnology.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES EOther financing	Mar 2022	$85M	$340M	Gaingels · Maple Leaf Foods · Griffith Foods Worldwide · Evolution VC Partners	↗
GRANTOther financing	Nov 2020	$1M	—	Syngenta	—

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Growth signals

MycoTechnology website traffic

Latest recorded traffic for MycoTechnology is 190 monthly website visits, down 13.6% over the last three months. MycoTechnology's team grew 2.4% over the past year.

Latest monthly visits190 3-month web change-13.6% 1-year team growth+2.4%

Monthly website visitsFeb 2016–Sep 2023

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IRInfinite RootsUsing biotechnology to create the next generation of sustainable foods from the roots of mushrooms	Hamburg, Germany	Operational
SFSolar FoodsIntroducing a game-changing natural protein for the global food industry	Helsinki, Finland	Operational
ENENOUGHFermented fungi protein for sustainable food production	Glasgow, United Kingdom	Operational
EVEVERYCreating Vital Ingredients For The World 🥚	Daly City, United States	Operational
PLPlanetariansAlternative protein from upcycled seeds at the price of the all-purpose flour	San Francisco, United States	Operational
NONoblegenAdvanced ingredients company that produces unique proteins and oils for the healthy living industry	Peterborough, Canada	Acquired
MYMyco4FoodDeveloping a scalable bioreactor system for solid-state fermentation	Copenhagen, Denmark	Operational