A chicken alternative made with ABUNDA

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Fermentation

UK Mycoprotein Startup ENOUGH Signs Commercial Deal with Cargill

Food tech company ENOUGH announces that it has extended its partnership with agribusiness giant Cargill. Through the deal, Cargill is to sign a commercial agreement to use and market ENOUGH’S mycoprotein ingredient ABUNDA and to invest in its recent Series C round. ABUNDA is described as a highly versatile ingredient that provides all nine essential amino acids and dietary fiber. It is said to have a neutral taste, making it highly versatile in multiple applications. ENOUGH leverages biomass fermentation to produce its signature product at a large scale. The protein is grown by feeding fungi renewable feedstocks to make a sustainable food protein source.  Upscaling in Europe ENOUGH states that its collaboration with Cargill, “benefiting from its global footprint and feedstock technology expertise,” will allow it to …

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Konscious Plant-Based Sushi

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Market & Trends

Navigating Turbulence: 8 Plant-Based Brands Riding the Crest, Not Weathering the Storm

While some brands are struggling in the current economic climate (both plant-based and conventional), many are not just surviving but thriving, expanding into new markets and raising large sums of funding. Here, we take a look at some of the biggest industry success stories of 2023. Konscious Foods Canada’s Konscious Foods raised $26 million in seed funding at the beginning of this month, with the aim of making its plant-based seafood more widely accessible. The company now plans to launch at over 4,500 more stores across North America by the end of the year, while also expanding into more food service locations. The seafood alternatives are already available at all Whole Foods locations US-wide, and one investor says it expects Konscious Foods to “transform plant-based …

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Jim Laird (CEO) and Elaine Ferguson (CFO).

Jim Laird (CEO) and Elaine Ferguson (CFO) - Image courtesy of ENOUGH

Investments & Finance

ENOUGH Secures €40M to Scale Production of Mycoprotein to Meet Demand for Sustainable Proteins

Food tech company ENOUGH announces it has raised €40 million in funding to increase the production of its mycoprotein ingredient ABUNDA to meet the growing demand for sustainable proteins. This new funding brings the total capital raised by ENOUGH to over €95 million.  Based in The Netherlands and the UK, ENOUGH currently has a team of 56 employees. With the new injection of capital, the company also aims to double its workforce in Glasgow, London, and Sas van Gent.  The round was co-led by World Fund, a European climate tech VC, and previous investor CPT Capital. Axa Impact Fund (AXA IM Alts), 280ppm (HAL Investments), Olympic Investments Inc. (Onassis Group), Tailored Solutions, and Scottish Enterprise also backed ENOUGH in this round. “The alternative protein market is a …

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food tech enough new hire john gray

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Company News

ENOUGH Appoints John Gray as Managing Director for EU Operations

Food tech startup ENOUGH, a leader in mycoprotein production, has appointed John Gray as Managing Director for its EU operations. Gray has been hired to strengthen and lead the company’s commercial B2B focus and build scale.   John Gray was previously MBU Director Europe & Global Poultry Lead for OSI – one of the world’s largest privately held food manufacturers with more than 65 facilities in 18 countries. Gray’s appointment comes just after one month after ENOUGH inaugurated what it claims to be the world’s largest mycoprotein facility. According to ENOUGH, Gray has an exceptional track record of building and supporting customer relationships in both branded and own-label arenas in the global marketplace. His 30 years of experience across the food manufacturing, marketing, sales, food …

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ENOUGH's new plant

© ENOUGH

Company News

ENOUGH Inaugurates ‘World’s Largest’ Mycoprotein Facility

Food tech startup ENOUGH recently inaugurated what it claims to be the world’s largest mycoprotein facility, a game-changing supplier for the alternative protein market. The new factory will produce up to 60,000 tonnes of ENOUGH’s ABUNDA® protein by 2027, which is equivalent to growing a cow’s worth of protein every two minutes, explains the company. ENOUGH develops its mycoprotein by fermenting fungi using a technology that leverages renewable feedstocks, creating a unique zero-waste fermentation process for growing a complete food protein containing all essential amino acids also high in dietary fibre. Circular Bio-based Europe Joint Undertaking (CBE JU) with its Plenitude project supported the production plant’s construction phase with €16.9M coming from European funds aimed at advancing competitive bio-based industries. Nicoló Giacomuzzi-Moore, CBE JU’s executive director, commented at …

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Vegan Bacon enough

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Fungi, Mushrooms & Mycelium

ENOUGH Announces Partnership With Peace of Meat Amid Asian Expansion 

Food tech startup ENOUGH has announced a “first-of-its-kind” collaboration with cultivated fat leader Peace of Meat. ENOUGH plans to create hybrid products with its proprietary mycoprotein and Peace of Meat’s cultivated fat biomass, while the company has also announced a commercial agreement in Asia.   Currently building what is claimed to be the world’s largest new protein facility in the Netherlands, ENOUGH’s partnership with Peace of Meat – MeaTech’s wholly owned Belgian subsidiary – represents a potential new chapter in alt protein with the hybrid combination of mycoprotein and cultivated fat ingredients to add authentic meaty flavors to animal-free products.  ENOUGH has also announced a commercial collaboration agreement with DAESANG Corporation to address the rapidly growing market in Asia for non-animal protein sources. The partnership will …

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ABUNDA by ENOUGH

@ENOUGH

Food & Beverage

Unilever Partners With ENOUGH to Provide Zero Waste Mycoprotein for The Vegetarian Butcher

Unilever has announced that it will partner with food-tech company ENOUGH (formerly 3F BIO) to bring new plant-based meat products to market through its brand The Vegetarian Butcher, suppliers of plant-based products to Burger King. Unilever also commented to vegconomist that, in addition to plant-based meat innovation, the company is also working to further develop its plant-based ice cream and mayonnaise portfolio. ENOUGH’s technology uses a unique zero-waste fermentation process to grow a high-quality protein. Natural fungi are fed with renewable feedstock, such as wheat and corn. This produces ABUNDA® mycoprotein, a complete food ingredient containing all essential amino acids as well as being high in dietary fibre. Unilever subsidiary The Vegetarian Butcher was chosen as the supplier of Burger King’s Plant-Based Whopper across Europe, …

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ENOUGH NO-Crab Cakes 1

©3F Bio

Company News

3F BIO Rebrands to ENOUGH as Market for Mycoprotein as a Highly Sustainable Meat Alternative Continues to Rise

3F BIO Ltd, a foodtech startup producing protein through fermenting fungi using renewable feedstocks, has rebranded to ENOUGH, in its mission to feed a growing population which is expected to reach nearly 10 billion by 2050. ENOUGH produces ABUNDA mycoprotein, a versatile ingredient including all essential amino acids which can be made into vegan meat, seafood and dairy products.

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