MycoTechnology raises $39 million Series D to focus on functional ingredients platform

June 11, 2020
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This funding round was co-led by Greenleaf Foods, S2G Ventures, SPC, and Evolution VC Partners, with participation from some of its previous investors, including Kellogg's CVC arm, bringing its total funding raised to date to $120 million. MycoTechnology will focus on expanding its mycelium platform for functional ingredients. While the company has previously commercialized flavor modulator and protein ingredients, this will be its first product development related to functional ingredients. It is looking to launch a powdered form of medicinal mushroom Cordyceps sinensis as a B2B ingredient. Clients interested in the functional ingredients space should engage to evaluate the downstream application compatibility of these ingredients.

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