Mycelium specialist Mushlabs, announced it has closed a $10 million capital series A investment round to upscale production of its alternative protein made from mycelium to industrial levels and to create a sales function. Mushlabs previously raised $2.2 million, bringing its total raised to date to $12.2M.
Mushlabs Becomes Infinite Roots, Plans to Pioneer New Era of Sustainable Foodtech
Hamburg biotech company Mushlabs announces its new corporate brand: Mushlabs will become Infinite Roots, with the transformation representing a deeper commitment to food security and sustainability and reinforcing the company’s commitment to promoting healthier diets and a healthier planet. As a specialist in mushroom mycelium-based nutrition, Infinite Roots supports the sustainable revolution in food production. According to the company, the new brand development symbolizes the transition from an emerging startup phase to a mature corporate era. Three years ago the company raised $10 million in Series A to upscale production to industrial level, stating its vision to “bring about a meaningful and lasting change to our food system”. Further to this mission, Infinite Roots says that its new identity seeks to reflect the essence of …