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 as of December 31, 2024. 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.
- Headquarter Berkeley, United States
- Employees 4 as on 31 Dec, 2024
- Founders Michelle Ruiz, Andrea Schoen
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Sectors
ConsumerEnvironment
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Email
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Phone
*********
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Website
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Social
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- Legal Name Hyfe Foods, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13 M (USD)
in 3 rounds
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Latest Funding Round
$11 M (USD), Seed
Jun 22, 2023
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Investors
FoodHack
& 11 more
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Employee Count
4
as on Dec 31, 2024
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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
People of Hyfe
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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 Total Funding
- Total Rounds 3
- Last Round Seed — $11.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Hyfe | Valuation | Synthesis Capital | |
| May, 2022 | Amount | Seed - Hyfe | Valuation | Blue Horizon , Caffeinated Capital | |
| Apr, 2022 | Amount | Seed - Hyfe | Valuation |
investors |
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 |
|---|---|---|---|---|
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Venture capital investments are focused on food technology startups.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across US and India.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided for food system technologies.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hyfe
Financial Statements - Hyfe
Hyfe Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Biocatalytic solutions for water treatment and purification are provided.
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| domain | founded_year | HQ Location |
Manufactures plastic components for water treatment, medical packaging, and construction industries.
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| domain | founded_year | HQ Location |
Manufacturer of bio-energy system producing electricity from wastewater
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| domain | founded_year | HQ Location |
Biochar is manufactured for wastewater treatment applications by Carbogenics.
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| domain | founded_year | HQ Location |
Biological compounds are supplied for wastewater treatment and agricultural uses.
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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.
As of Dec 31, 2024, the latest employee count at Hyfe is 4.
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.