Mycorena Acquired by Biomass Fermentation Firm Naplasol, Member of Animal Protein VEOS Group
After facing significant financial challenges, mycoprotein pioneer Mycorena filed for bankruptcy earlier this year, seeking new ownership to build upon its innovations and market presence. Today, Naplasol, a VEOS group member, announces the acquisition of the Swedish company. Naplasol specializes in biomass fermentation to produce mycoproteins and offers various ingredients for food applications. VEOS Group, founded in 1974 and headquartered in Belgium, is a global leader in the animal protein …
Mycorena Files for Bankruptcy, Seeks New Ownership to Continue Pioneering Mycoprotein Ingredients
In a sad turn of events, Sweden’s Mycorena, a producer of mycoprotein, has filed for bankruptcy after facing significant financial challenges. The company says it made considerable efforts to overcome these difficulties, including pausing the construction of a large-scale facility and pivoting to a strategic business model. The mycoprotein pioneer also announced that it aims to restructure under new ownership to preserve and build upon its innovations and market presence. …
Mycorena Pauses Large-Scale Mycoprotein Facility: “Investors are Hesitant to Back Projects with Heavy Capital Requirements”
Pioneering mycelium-based solutions company Mycorena announces it is discontinuing its large-scale factory project in Sweden for Promyc, its flagship mycoprotein ingredient. Planned in 2022 and designed with Tetra Pak, the large-scale production factory aimed to supply the then “booming” plant-based market with volumes of mycoprotein: 5,000 tons by the end of 2023, with a total production volume of up to 100,000 tons in multiple stages. Despite significant growth and raising …
Revo Foods’ Mycoprotein-Based Salmon Filet Becomes First 3D-Printed Alternative to Hit Supermarket Shelves
Austrian startup Revo Foods introduces THE FILET, a mycoprotein-based salmon filet that will be available from the 14th of September at REWE’s famous vegan superstore, the 200-metre square Billa Pflanzilla. According to Revo Foods, it is the first-ever 3D-printed product available in supermarkets worldwide. Revo Foods and Swedish startup Mycorena collaborated to develop the 3D-printable mycoprotein, utilizing Mycorena’s Promyc ingredient. The project received €1.5 million from Swedish innovation agency Vinnova, the Austrian Research Promotion Agency, and the …
Mycorena and RIP Foods Partner Up to Create Mycoprotein-Based Street Food
Mycoprotein specialist Mycorena and Spain’s plant-based street food brand RIP Foods are collaborating to develop mycelium-based street food appealing to mainstream customers. Today, Mycorena announced their first joint creation using mycoprotein — a vegan kofta inspired by Middle Eastern flavors. The product is set to launch soon in the Netherlands at plant-based restaurant Karma Kebab. “Mycorena and RIP Foods share many traits, working tirelessly with R&D and strongly focusing on innovation and …
Mycorena to Launch Clean-Label Fungi-Based Fat Verified by Juicy Marbles
Swedish food tech company Mycorena has announced that it is ready to launch its clean-label fungi-based fat commercially after successfully developing a full-scale process. The new fat ingredient will be released under the brand name Mycolein, joining Mycorena’s mycoprotein brand, Promyc. In 2021, Mycorena announced the “world’s first” fungi-based fat solution, saying it could mimic animal fat’s behaviour and sensory qualities to enhance plant-based food products’ taste and structural properties. The first fungi-stabilised fat …
Revo Foods and Mycorena Receive €1.5M to Develop 3D-Printable Mycoprotein
Austria’s Revo Foods and Sweden’s Mycorena have received a €1.5 million grant for their joint project of developing 3D-printable mycoprotein. The funds come from Swedish innovation agency Vinnova, the Austrian Research Promotion Agency, and cross-border EU funding program Eurostars. Applications were highly competitive, so the companies’ success demonstrates that there is significant interest in innovative mycoprotein solutions. “Getting this recognition from such an attractive and competitive initiative like Eurostars further …
Mycorena & Revo Foods to Develop “Whole New Realistic Meat-Like Product Segment” For Alt Seafood
Mycoprotein specialist Mycorena and 3D printed seafood expert Revo Foods have begun a research collaboration to develop a mycoprotein suitable for 3D printing alt seafood products. The printable mycoprotein will have a soft fibrous texture, light colour and neutral taste, making it particularly suitable for seafood alternatives, according to the companies. Says Austria’s Revo Foods: “Being able to combine the meat-like properties of mycoprotein with the unrestricted shaping possibilities of …
Tetra Pak Collaborates with Mycoprotein Innovator Mycorena on “Ground-Breaking” Alt Protein Plant
Tetra Pak is to collaborate with Mycorena to build a greenfield production facility for fungi fermentation. With the goal of building a more resilient and sustainable global food system, the new facility will utilize Mycorena’s innovative fungi fermentation for alt protein food applications. The new plant, located in Falkenberg, Sweden, will produce a meat replacement product from fungi. The factory’s first phase will include mince-based products that will serve as …
Sweden’s Mycorena Closes “Largest Ever” Nordic Series A Investment in Alt Protein
Mycorena – the Swedish startup developing mycelium-based protein from upcycled food waste – has closed what it claims is the largest Nordic Series A funding round in alt protein to date. The fresh €24 million ($26.8 million) Series A funding will be used to upscale and commercialize Promyc – the food tech’s proprietary alt protein product. Mycorena’s mycelium-based protein Promyc can be used to create realistic alt meats, with the …