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 Partners With Bitburger Brewery Group to Upcycle Beer Byproducts
Berlin-based biotech startup Mushlabs has announced a partnership with Bitburger Brewery Group, one of Germany’s largest private breweries. As part of the collaboration, Mushlabs will use byproducts from Bitburger’s beer production to make edible fermented mycelium. Additionally, Bitburger will provide Mushlabs with increased production capacity. Worldwide, Mushlabs is one of the first startups to use upcycled ingredients to ferment mycelium. Bitburger has previously recycled its byproducts by supplying them to the agricultural sector, but the new collaboration will improve sustainability even further by allowing Mushlabs to reduce the distance its materials are transported. Creating a circular economy This will help to lower Mushlabs’ carbon footprint, making fermentation an even more efficient way of producing protein. Through the collaboration, the two companies hope to provide an …
