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Investments & Acquisitions

Tupu Raises $3.2M for Highly Efficient Indoor Mushroom Production

German agtech company Tupu has raised $3.2 million in a seed funding round led by FoodLabs and Zubi Capital, with participation from Clear Current Capital, FoodHack, IT-Farm, CoastCap, and various angel investors. Tupu is working to revolutionise mushroom production through a decentralised farming system that grows a range of organic gourmet mushrooms directly in cities. Since November of last year, the company has been offering fresh, sustainable, and competitively-priced mushrooms to a range of local customers, from wholesalers to renowned chefs. The mushrooms are especially popular for creating vegan dishes; for example, Sebastian Frank, the head chef and owner of two-starred Michelin restaurant Horváth, uses Tupu’s King Oyster mushroom for his vegan foie gras. Tupu already supplies over three tonnes of mushrooms per month, and …

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