Adamo Foods Raises £1.5M for “Groundbreaking” Mycelium Steaks
British food tech startup Adamo Foods has secured £1.5 million in funding to bring its whole-cut mycelium steaks to market. The sum consists of pre-seed funding from SFC Capital and two major grants from the government agency Innovate UK. The grants were received following Adamo’s participation in the ‘Better Food for All’ and ‘Novel Low Emission Food Production Systems’ competitions. Adamo will use the capital to further develop and scale its products, including by biofortifying the nutrients in mycelium to replicate the nutritional benefits of beef. The company will also develop processes to increase production to a pilot scale as it prepares to launch. The news comes after Adamo showcased its technology at the International Cellular Agriculture conference in Helsinki, which took place from June …