About Mycorena
Mycorena is a company based in Goteborg (Sweden) founded in 2016 by Ramkumar Nair was acquired by Naplasol in August 2024.. Mycorena has raised $37.09 million across 6 funding rounds from investors including European Space Agency, Kale United and Naplasol. Mycorena offers products and services including Mycoprotein Structures and Fermentation Services.
- Headquarter Goteborg, Sweden
- Founders Ramkumar Nair
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Naplasol
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.09 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
European Space Agency
& 8 more
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Employee Count
Employee Count
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Acquired by
Naplasol
(Aug 23, 2024)
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Products & Services of Mycorena
Mycorena offers a comprehensive portfolio of products and services, including Mycoprotein Structures and Fermentation Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fermented mycoproteins for creating plant-based food products.
Custom co-creation for nutritional food applications.
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Funding Insights of Mycorena
Mycorena has successfully raised a total of $37.09M across 6 strategic funding rounds. 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 6
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Mycorena | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - Mycorena | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Mycorena | Valuation | Vepro |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mycorena
Mycorena has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include European Space Agency, Kale United and Naplasol. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A network of investors focused on local venture capital is operated.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by corporate-backed Almi Invest.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mycorena
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mycorena
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mycorena Comparisons
Competitors of Mycorena
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mycorena
Frequently Asked Questions about Mycorena
When was Mycorena founded?
Mycorena was founded in 2016.
Where is Mycorena located?
Mycorena is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Mycorena?
Ramkumar Nair is the current CEO of Mycorena. They have also founded this company.
Is Mycorena a funded company?
Mycorena is a funded company, having raised a total of $37.09M across 6 funding rounds to date. The company's 1st funding round was a Seed of $8.98M, raised on Jan 01, 2016.
What does Mycorena do?
Mycorena was founded in 2016 in Gothenburg, Sweden, within the food technology sector. Alternative proteins, including meat substitutes, are produced through a fermentation process that utilizes filamentous fungi to convert low-value waste streams from food industries into mycoprotein ingredients. Operations focus on sustainable ingredient development for plant-based applications, supporting broader efforts in novel food production.
What products or services does Mycorena offer?
Mycorena offers Mycoprotein Structures and Fermentation Services.
Who are Mycorena's investors?
Mycorena has 9 investors. Key investors include European Space Agency, Kale United, Naplasol, Vepro, and FBG Invest.