MATR Foods

MATR Foods secures loan from EIB

© EIB
Investments & Finance

MATR Foods Secures €20M From European Investment Bank to Construct First Full-Scale Facility

Danish meat alternatives producer MATR Foods has signed a €20 million loan agreement with the European Investment Bank (EIB). The funding, which is supported by the European Commission’s InvestEU initiative, will allow MATR to construct its first full-scale production facility and conduct more R&D. This will enable the company to produce over 3,000 tonnes of its product per year. On LinkedIn, MATR claimed it was the first ever meat alternatives company to gain the support of the EIB. Healthy and sustainable MATR uses fungi fermentation to produce meat alternatives made from local crops such as beetroot, potatoes, lupin, and peas. The products are said to require minimal processing and are lower in fat than previous-generation meat alternatives. The fermentation process provides an umami flavor that …

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Novo Holdings has announced an initial investment in MATR Foods, a Danish food tech startup leveraging the power of mycelium, traditional fermentation, and upcycled vegetables to make sustainable plant-based meat.

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Investments & Finance

Novo Holdings Invests in MATR Foods’ Fungi-Powered Fermented Meat Alternatives

Life science investor Novo Holdings has announced an initial investment in MATR Foods, a Danish food tech startup leveraging the power of mycelium, traditional fermentation, and upcycled vegetables to make sustainable meat alternative products. The startup’s flagship product, MATR Fungi Mince, a low-fat and high-protein alternative offering an amino acid profile similar to meat, is said to have a carbon footprint significantly lower (94% less) than beef. MATR currently supplies products to several Danish restaurant chains, including Gasoline Grill, Sticks’n’Sushi, and the online supermarket Nemlig.com. The new capital will help scale the startup’s production capacity and expand its customer base to meet the demand from existing and new customers. Randi Wahlsten, CEO of MATR, said: “We have been extremely well received by chefs and consumers …

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MATR Foods meat alternatives made via fungal fermentation

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Fungi, Mushrooms & Mycelium

MATR Foods Uses Fungal Fermentation & Upcycled Veg to Make “New Generation” of Alt Meats

MATR Foods is a Danish startup producing sustainable meat alternatives via fungal fermentation. Made with just five ingredients — oats, split peas, lupin, beetroot, and potatoes — the products are described as a “new generation” of plant-based food. The ingredients used are organic, upcycled, and sourced from Danish farms. To transform them into meat alternatives, MATR adds natural fungi spores, which ferment the ingredients to give an umami flavor and firm bite. The resulting products are low in calories and high in fibre, with no additives. Success in European markets MATR’s product range includes plant-based steak, mince, and a block that can be cut into any shape. The meat alternatives have already launched at Sticks N’Sushi in the UK, Denmark, and Germany as part of …

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