Mushroom mycelia researchers and supplier MycoTechnology nabbed a further $85 million in the company’s largest series E funding round yet.
MycoTechnology will use the funds to develop the capacities of its mushroom fermentation platform, with sights on expanding across key markets in Europe, Asia and the Middle East.
The latest funding round brings the company’s raised funds to a total of US$200 million since launching in 2013.
The US-based company offers a mushroom fermentation process that harnesses the properties of mycelia to create food ingredients.
A spokesperson for MycoTechnology said: “Our innovation pipeline will continue to deliver solutions we have discovered in mycelia, focused on sustainable protein, sugar reduction and nutrient density.”
