About Hyfe
Hyfe is a company based in Berkeley (United States) founded in 2021 by Michelle Ruiz and Andrea Schoen. Hyfe has raised $13 million across 3 funding rounds from investors including FoodHack, Synthesis Capital and Refactor Capital. The company has 4 employees. Hyfe offers products and services including Specialty Chemicals and Sustainable Materials. Hyfe operates in a competitive market with competitors including Microvi, Brentwood Industries, Emefcy, Carbogenics and Bio Huma Netics, among others.
- Total Equity Funding$13M (USD)
in 3 rounds
- Latest Funding Round$11M (USD), Seed
Jun 2023
- InvestorsFoodHack
& 11 more
- Employee Count4
Products & Services of Hyfe
Hyfe offers a comprehensive portfolio of products and services, including Specialty Chemicals and Sustainable Materials.
Converts food waste into high-purity chemicals for industrial applications
Transforms agricultural waste into traceable materials for various sectors
Funding Insights of Hyfe
Hyfe has successfully raised a total of $13M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $11 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13M
- Total Rounds 3
- Last Round Seed — $11M
- Investors Count 12
All 3 funding rounds of Hyfe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $11M | Seed | – | Synthesis Capital | |
| May 2022 | $2M | Seed | – | Blue Horizon, Caffeinated Capital | |
| Apr 2022 | – | Seed | – | – |
12 investors in total: 12 institutional.
Investors in Hyfe
Hyfe has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include FoodHack, Synthesis Capital and Refactor Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are focused on food technology startups. | – | synthesis.capital | London, United Kingdom | |
Seed and early-stage investments are made across US and India. | – | refactor.com | Burlingame, United States | |
Early-stage venture capital is provided for food system technologies. | – | supplychange.fund | Chicago, United States | |
Early-stage venture capital investments are provided to innovative founders. | – | overwater.vc | - | |
Early-stage capital is provided to women and mixed-gender founding teams. | – | xfactor.ventures | - | |
Venture capital investing and portfolio management services for accredited investors. | – | av.vc | - | |
Early-stage technology startups are funded by Engine Ventures venture capital. | – | engineventures.com | Cambridge, United States | |
Sustainable food sector ventures are invested in by Blue Horizon. | – | bluehorizon.com | Zurich, Switzerland | |
A venture firm based in San Francisco and New York, investments are made in technology companies. | – | caffeinatedcapital.com | San Francisco, United States | |
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | – | gaingels.com | - |
Investor details for Hyfe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Hyfe
3 people are tracked at Hyfe (3 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Michelle Ruiz | Co-Founder & CEO | Leadership |
Andrea Schoen | Co-Founder | Leadership |
Nedim Hasanbegovic | Chief Technology Officer | Leadership |
Complete people profiles for Hyfe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Hyfe
3 dated milestones of Hyfe across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Hyfe is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $11.0M.
Competitors of Hyfe
Hyfe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Microvi, Brentwood Industries, Emefcy, Carbogenics and Bio Huma Netics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| microvi.com | 2004 | Hayward, United States | $6M | – | Biocatalytic solutions for water treatment and purification are provided. | |
| brentwoodindustries.com | 1965 | Reading, United States | – | 517 | Manufactures plastic components for water treatment, medical packaging, and construction industries. | |
| emefcy.com | 2007 | Hadera, Israel | $5M | – | Manufacturer of bio-energy system producing electricity from wastewater | |
| carbogenics.com | 2016 | Edinburgh, United Kingdom | $1.88M | 4 | Biochar is manufactured for wastewater treatment applications by Carbogenics. | |
| bhn.us | 1973 | Gilbert, United States | $4.17M | 62 | Biological compounds are supplied for wastewater treatment and agricultural uses. | |
| algalscientific.com | 2009 | Plymouth, United States | $11.35M | – | Nutrient recovery from wastewater is enabled via algal processes. | |
| drylet.com | 2013 | Houston, United States | $7.16M | – | Water and wastewater treatment solutions are provided by Drylet. |
Detailed competitors of Hyfe
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- Full competitor set
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Web traffic of Hyfe
The website of Hyfe (hyfe.tech) receives about 2.1K visits a month.
- Monthly visits2.1K
▲ 139.1% vs previous month
Latest news on Hyfe
Complete news archive for Hyfe
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Hyfe
10 companies that operate in the same segment as Hyfe (Food Processing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Internet first brand offering refrigerated pet food | 2006 | Secaucus, New Jersey, United States | USD 54 M | USD 1.1 B | 1,300 | |
Biosolutions and enzymes are developed for biotechnology applications across industries. | 2000 | Bags Sword, Denmark | – | – | – | |
Coffee, tea, and extract beverage solutions are provided globally. | 2009 | North Little Rock, Arkansas, United States | USD 17 M | USD 1.19 B | 1,410 | |
Bioproducts are manufactured via tissue engineering and fermentation technologies. | 1919 | Amsterdam, Netherlands | USD 125 M | USD 1.49 B | 2,400 | |
Fruits and vegetables processing services are provided by Sahyadri Farms. | 2011 | Nashik, Maharashtra, India | USD 84.86 M | USD 115.08 M | 2,299 | |
Brand of beverage products | 1995 | Gurugram, Haryana, India | USD 133 M | USD 2.33 B | 12,570 | |
Platform offering cooked-meal delivery service for dogs | 2016 | London, England, United Kingdom | USD 477.37 M | USD 48.04 M | – | |
Multi-category food products are produced and distributed globally. | 1866 | Minneapolis, Minnesota, United States | – | USD 18.42 B | 33,000 | |
Subscription-based pet food is delivered via an online platform. | 2016 | Blairgowrie And Rattray, Perth And Kinross, United Kingdom | USD 18.6 M | – | – | |
Wild Earth is recognized for providing vegan pet food. | 2017 | Berkeley, California, United States | USD 43 M | – | 8 |
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Frequently Asked Questions about Hyfe
Hyfe was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Hyfe is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Michelle Ruiz is the current CEO of Hyfe. They have also founded this company.
Hyfe is a funded company, having raised a total of $13M across 3 funding rounds to date.
Hyfe has 4 employees.
Hyfe was founded in 2021 and is based in Berkeley, United States, where bio wastewater services are offered. The sector involves environmental technology, with operations centered on biological treatment processes for wastewater management. Leadership is provided by co-founders Michelle Ruiz, serving as CEO, and Andrea Schoen. Services are directed toward sustainable solutions in the water treatment industry, accessible via hyfe.tech.
Hyfe's top competitors include Bio Huma Netics, Carbogenics and Emefcy.
Hyfe offers Specialty Chemicals and Sustainable Materials.
Hyfe has 12 investors. Key investors include FoodHack, Synthesis Capital, Refactor Capital, Supply Change Capital, and Overwater Ventures.
Hyfe operates through Hyfe Foods, Inc.