A mushroom burger

© Innomy

Fungi, Mushrooms & Mycelium

Spain’s Innomy Receives €1.3M For Mycelium-Based Meats 

Spanish startup Innomy, dedicated to mushroom-based alternatives to meat, announced it has raised €1.3 million in a Pre Series A funding round to scale, promote and market its products in Europe. Innomy is part of Spain Foodtech startup acceleration program developed by Eatable Adventures in collaboration with ICEX (Spain Export and Investment), CNTA, and Rockstart’s AgriFood program. Innomy is based in Bilbao and was founded in 2021. The team consists of CEO and co-founder Juan Pablo de Giacomi, COO and co-founder Pablo Sánchez Rey, and mycologist CSO Francisco Kuhar. Innomy says it is developing a new generation of healthier, sustainable, and more delicious meat alternatives combining fungi and biotechnology. For years, the startup has been researching mycelium properties and their benefits on people’s health and …


Mylkcubator logo

© Pascual

Startups, Accelerators & Incubators

Second Cohort of Mylkcubator Launches to “Future Proof the Dairy Industry”

The second cohort of Mylkcubator, an incubator for cell-based dairy products, has now launched. The incubator is seeking to enroll five startups or projects in the fields of molecular farming, fermentation-based, cell-based, and applied technologies. Mylkcubator is operated by Pascual Innoventures — the corporate venture unit of Spanish dairy manufacturer Pascual — in collaboration with global foodtech accelerator Eatable Adventures. The program is open to startups worldwide. Mylkcubator 2.0 is set to last six months, from the selection of the startups through to the final demo day. According to Pascual, dairy products produced via cell cultivation and fermentation present a “huge opportunity” for the dairy industry. First cohort Mylkcubator’s first cohort was announced last May, with four startups — De Novo Dairy, Pure Mammary Factor, …


Bio-printed bacon Cocuus

Bio-printed bacon ©Cocuus

3D Technology

3D Bioprinting Startup Cocuus Raises €2.5M in Pre-Series A Featuring Meat Giant Cargill 

Spanish startup Cocuus has raised €2.5 million in its Pre Series A funding round to scale its 3D bioprinting technology for the production of alternative proteins. Cargill Ventures, the investment arm of the multinational meat giant Cargill, has backed the round to accelerate Cocuus’s process for producing plant or cell-based animal protein food analogs. The Pre Series A funding round was also led by Big Idea Ventures, Eatable Adventures, and Tech Transfer UPV, after Cocuus had completed Eatable Adventures’ acceleration program, one of the top global accelerators for food tech startups. Navarra-based Cocuus now aims to scale its business model and expand into other international markets, enabling it to utilize its disruptive 3D bioprinting and robotics technologies Spanish startup Cocuus claims it can print cutlets, …


EATABLE Adventures

© EATABLE Adventures

Company News

Eatable Adventures Launches €50M Fund to Disrupt Food & Ag Tech

Eatable Adventures, one of the top 3 food-tech accelerators in the world, announces the launch of Eatable Evolution Fund FCR I; a €50 million fund that will be the biggest fund of its kind in Spain and one of the top three in Europe. The vehicle will make early and growth-stage investments targeting the most disruptive startups in food and agriculture tech across Europe and Latin America. Eatable Adventures reports that it has launched more than 20 corporate programs, ten successful accelerator and incubation programs, and oversees a yearly deal flow of 1,400 global food-tech startups and operations running across four continents. Eatable Adventures’ latest accelerator program, Spain Foodtech, included rising names in foodtech such as 3D printed plant-based steak producer Cocuus. Following its investor …


Cocuus Steak

©Cocuus - Bio-printed plant-based steak

Startups, Accelerators & Incubators

Value of Spanish Startups Increase By More Than Sixfold Following First Spain FoodTech Accelerator

After celebrating the investor demo day for the first cohort of the Spain FoodTech accelerator program, the chosen startups’ valuations (as listed below) have risen by over sixfold, now boasting an average valuation of €7.5 million. The disruptive startups include a hyper-realistic 3D printed plant-based steak, precision fermentation proteins, mycelium-based burgers, checkout technologies, and hydroponic vertical and indoor farming.  “They are already getting solid traction with leading international investors and corporations” Presented by Eatable Adventures – a global foodtech accelerator and investor – the Spain FoodTech accelerator program received over 200 applications for the first edition of Spain Foodtech, including foreign entrepreneurs willing to locate their headquarters in Spain. Applications for the next cohort are now open for the 2022 edition. Display content from YouTube …


Spain Foodtech

© Spain Foodtech

Fairs & Events

Spain FoodTech Presents First Accelerator Cohort for Alt Protein Startups in Spain

Tomorrow, Tuesday June 8th (17:30 CET) sees the virtual demo day for Spain FoodTech Startup’s Program introducing its first cohort of agrifood tech startups. The program is the first accelerator for high-performance Spanish startups and features next-gen companies working in the exploding alt protein sector