About MycoTechnology
MycoTechnology is a company based in Aurora (United States) founded in 2013 by Alan Hahn and Peter Lubar.. MycoTechnology has raised $274.96 million across 12 funding rounds from investors including Maple Leaf Foods, Bunge and Tyson Foods. MycoTechnology offers products and services including ClearIQ™ Natural Flavor, ClearHT™ Natural Flavor, Honey Truffle Sweet Protein, and FERMENTATION AS A SERVICE (FAAS). MycoTechnology operates in a competitive market with competitors including TerViva, Motif FoodWorks, Fiberstar, BYAS and Augusta Fermentation, among others.
- Headquarter Aurora, United States
- Founders Alan Hahn, Peter Lubar
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Mycotechnology, 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
$274.96 M (USD)
in 12 rounds
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Latest Funding Round
$85 M (USD), Series E
Mar 30, 2022
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Investors
Maple Leaf Foods
& 31 more
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Employee Count
Employee Count
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Products & Services of MycoTechnology
MycoTechnology offers a comprehensive portfolio of products and services, including ClearIQ™ Natural Flavor, ClearHT™ Natural Flavor, Honey Truffle Sweet Protein, and FERMENTATION AS A SERVICE (FAAS). 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.
Tool to mitigate off-notes and brighten flavors in food products.
Natural flavor for improving taste in beverages and foods.
Protein for sugar reduction in sweet food applications.
Service providing mycelial fermentation for ingredient development.
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Board Team
8 people
Leadership Team
2 people
Chairman Team
1 people
Finance and Accounting
1 people
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Funding Insights of MycoTechnology
MycoTechnology has successfully raised a total of $274.96M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $85 million completed in March 2022. 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 12
- Last Round Series E — $85.0M
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First Round
First Round
(22 Oct 2013)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series E - MycoTechnology | Valuation | Oman Investment Authority | |
| Jan, 2021 | Amount | Series D - MycoTechnology | Valuation | Greenleaf Foods , S2G Ventures | |
| Nov, 2020 | Amount | Grant - MycoTechnology | Valuation |
investors |
| 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 MycoTechnology
MycoTechnology has secured backing from 32 investors, including institutional and venture fund investors. Prominent investors backing the company include Maple Leaf Foods, Bunge and Tyson Foods. 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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Nourish Ventures is focused on investing in food system innovators.
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Founded Year | Domain | Location | |
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Venture investments in foodtech sectors are managed by Siddhi Capital.
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Founded Year | Domain | Location | |
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Investments are directed to food, agribusiness, and commodities sectors.
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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 MycoTechnology
| 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 - MycoTechnology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Mycotechnology Comparisons
Competitors of MycoTechnology
MycoTechnology 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 TerViva, Motif FoodWorks, Fiberstar, BYAS and Augusta Fermentation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Plant-based food ingredients are processed from pongamia seeds.
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| domain | founded_year | HQ Location |
Alternative food ingredients are developed via fermentation and biotechnology.
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| domain | founded_year | HQ Location |
Functional food fibers are produced to enhance texture and nutrition.
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| domain | founded_year | HQ Location |
Provioder of microalgae-based solutions for cellular agriculture technology
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Creates sustainable ingredients through innovative fermentation processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Mycotechnology
Frequently Asked Questions about MycoTechnology
When was MycoTechnology founded?
MycoTechnology was founded in 2013.
Where is MycoTechnology located?
MycoTechnology is headquartered in Aurora, United States. It is registered at Aurora, Colorado, United States.
Is MycoTechnology a funded company?
MycoTechnology is a funded company, having raised a total of $274.96M across 12 funding rounds to date. The company's 1st funding round was a Grant of $1M, raised on Oct 22, 2013.
What does MycoTechnology do?
MycoTechnology was founded in 2013 in Aurora, United States, and operates in the food technology sector. A novel processing platform is utilized, employing gourmet fungi and mycelial fermentation to create ingredients. Solutions are provided for sugar reduction, sustainable protein sources, natural immune support, and addressing food insecurity. Plant-based discoveries are facilitated through this fermentation approach.
Who are the top competitors of MycoTechnology?
MycoTechnology's top competitors include TerViva, Motif FoodWorks and Fiberstar.
What products or services does MycoTechnology offer?
MycoTechnology offers ClearIQ™ Natural Flavor, ClearHT™ Natural Flavor, Honey Truffle Sweet Protein, and FERMENTATION AS A SERVICE (FAAS).
Who are MycoTechnology's investors?
MycoTechnology has 32 investors. Key investors include Maple Leaf Foods, Bunge, Tyson Foods, Kellogg's, and Syngenta Group.