Organisation / Brand: MycoTechnology

© MycoTechnology
Company News

MycoTechnology’s “Transformative, Game-Changing Plant Protein” Approved by EU

MycoTechnology, of Colorado USA, announces that its fermented mycelium ingredients FermentIQ™ MLL and PTP have been granted Novel Food status by the European Commission. The company’s forthcoming European expansion will be underpinned by its recent $85M Series E fundraise which included Tyson Ventures and Maple Leaf Foods. The authorisation follows a positive opinion issued earlier this year by the European Food Safety Authority (EFSA), whereby the EFSA considered FermentIQ™ pea and rice protein fermented by shiitake mushroom mycelia as safe for use across multiple applications. EU as next major growth frontier Having secured Novel Food authorisation, the American company says it is set to accelerate its expansion into the European market, which it describes as its next major growth frontier. MycoTechnology has already hired its …

more

Topics:
Plantbased Business Hour

MycoTechnology: The Mighty Mushroom’s New Fermented Frontier

MycoTechnology is alt protein’s secret giant. Marketing Director, Jonas Feliciano, and Senior Director, Strategy, Lisa Wetstone, share MycoTechnology’s approach to growth, raising awareness and communicating with the consumer about the mighty mushroom’s new fermented frontier.  It is a new episode of The Plantbased Business Hour with Elysabeth Alfano. Below is a short clip and transcript from their conversation. Podcast here. Display content from YouTube Click here to display content from YouTube. Learn more in YouTube’s privacy policy. Always display content from YouTube Open “Cruelty-Free Investing Executive Director Shares the Benefits of Investing with Purpose” directly Elysabeth: As we talk about being the world’s best kept secret, Jonas, that’s maybe not the best thing when you’re trying to sell to customers. I’m wondering, who’s getting it? Who …

more

Topics:
Fermented mushroom protein

© MycoTechnology
Company News

MycoTechnology and IFF Partner to Develop Innovative Alt-Proteins for European Market

Mycelium solutions company MycoTechnology and IFF announce a partnership to co-develop alternative proteins and next-generation food and beverage products for the European market.  The new agreement will allow MycoTechology to capitalize on IFF’s RE-IMAGINE PROTEIN innovation program and use its state-of-the-art facilities in Brabrand, Denmark, including the Culinary Design Center, which specializes in novel plant-based foods.  The two companies have previously partnered in the US to combine MycoTechnology’s mycelial fermentation with IFF’s technical expertise. “This is an exciting new level of collaboration,” said Alan Hahn, CEO of MycoTechnology.”IFF understands the importance of innovation and using it to build a better, more sustainable food system. We’re delighted to embark on a new journey together to create the cutting-edge solutions consumers demand for taste, nutrition, and sustainability.” …

more

Mushroom MycoTechnology

© MycoTechnology
Fungi, Mushrooms & Mycelium

Scientists Confirm MycoTechnology’s Potential to Nutritionally Outperform Animal Products

According to a new study published by the Journal of Food Science and Technology, MycoTechnology’s groundbreaking FermentIQ™ PTP protein powder unlocks competitive advantages for plant proteins and might help to overcome pressing issues faced by the industry today. As the world’s leading explorer of mycelia, Myco Technology continues to make a dent in the food industry. Back in May, the Colorado-based foodtech company announced a joint venture with Oman Investment Authority (OIA) to use locally-grown dates in the production of mushroom-based protein. With plans to turn the novel protein into a commercially-available product by 2025, the company has now received scientific confirmation that it has the potential to outperform animal products. Next-generation plant proteins by MycoTechnology Due to MycoTechnology’s proprietary mushroom mycelia fermentation platform, next-generation …

more

Topics:
Myco Mushroom MycoTechnology

© MycoTechnology
Fungi, Mushrooms & Mycelium

MycoTechnology Announces “Groudbreaking” Joint Venture With OIA to Upcycle Dates For Novel Protein

Colorado’s MycoTechnology, Inc., the world’s leading explorer of mycelia, today announces a “groundbreaking” joint venture with Oman Investment Authority (OIA), to use locally-grown dates in the production of mushroom-based protein. The joint venture is to operate as Vital Foods Technologies LLC. Oman is one of the world’s most prolific producers of dates, but over half of the 400 thousand tonnes it produces per year is lost to waste or animal feed. Vital Foods Technologies will address this issue by upcycling “a significant portion of these excess dates, using the natural sugar present in the fruit as a source of carbon to fuel the production of mushroom-based protein”. Upcoming IPO? The company, winner of last year’s Syngenta’s Radicle Protein Challenge, closed an 85 million Series E …

more

Mushroom MycoTechnology

© MycoTechnology
Fungi, Mushrooms & Mycelium

MycoTechnology Closes $85M Series E, Bringing Total Raise to $200M, in Preparation for IPO?

MycoTechnology, Inc., which describes itself as the world’s leading explorer of mushroom mycelia, announces it has closed a Series E round of $85 million bringing its total to over $200M. Notable returning investors in the round include Tyson Ventures and Maple Leaf Foods. IPO in late 2022? Tyson, Greenleaf Foods, and Kellogg’s were notable participants in the company’s August 2020 Series D, during which an IPO for late 2022 was discussed, with CEO Alan Hahn commenting to FoodNavigator at the time that there were some exciting projects coming up that may “trigger” the opportunity to become publicly listed. In the November of that same year, Mycotechnology was named winner, along with BlueNalu, of Syngenta’s Radicle Protein Challenge, an initiative to invest a total of $1.25 …

more

Topics: