About MycoTechnology
MycoTechnology is a Consumer company based in Aurora (United States) founded in 2013 by Alan Hahn and Peter Lubar. Mushroom fermentation is used to develop plant-based food ingredients. 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 ClearIQâ„¢ Natural Flavor, ClearHTâ„¢ Natural Flavor, Honey Truffle Sweet Protein, and FERMENTATION AS A SERVICE (FAAS). Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Ingredients. Its legal entity is MYCOTECHNOLOGY, INC. Its competitors include TerViva, Motif FoodWorks and Fiberstar; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Aurora, United States
- Founders Alan Hahn, Peter Lubar
- SectorsConsumer
- Phone•••• ••••
- Website mycoiq.com
- Social LinkedIn Facebook
- Legal Name Mycotechnology, Inc.
- Total Equity Funding$274.96M (USD)
in 12 rounds
- Latest Funding Round$85M (USD), Series E
Mar 2022
- InvestorsMaple Leaf Foods
& 31 more
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).
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.
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 $274.96M
- Total Rounds 12
- Last Round Series E — $85M
- First Round $215,000
(Oct 2013)
- Investors Count 32
Latest 10 of 12 funding rounds of MycoTechnology 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 |
|---|---|---|---|---|---|
| Mar 2022 | $85M | Series E | – | Oman Investment Authority | |
| Jan 2021 | $48.19M | Series D | – | Greenleaf Foods, S2G Ventures | |
| Nov 2020 | $1M | Grant | – | – | |
| Jun 2020 | $39M | Series D | – | Greenleaf Foods, S2G Ventures | |
| Jan 2019 | $30M | Series C | – | S2G Ventures, ADM Capital | |
| Sep 2018 | $23.47M | Series B | – | – | – |
| Aug 2017 | $40M | Series B | – | S2G Ventures, Bunge | |
| Aug 2015 | $9.2M | Series A | – | – | |
| Nov 2014 | $100,000 | Seed | – | – | – |
| Feb 2014 | $1.05M | Debt – Conventional | – | – | – |
32 investors in total: 32 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Nourish Ventures is focused on investing in food system innovators. | nourishventures.com | |||
Venture investments in foodtech sectors are managed by Siddhi Capital. | siddhicapital.co | Cherry Hill, United States | ||
Investments are directed to food, agribusiness, and commodities sectors. | continentalgrain.com | New York, United States | ||
Stage agnostic venture capital firm | s2gventures.com | Chicago, United States | ||
Investments in tech startups are made by Evolution VC Partners. | evolutionvcp.com | New York, United States | ||
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | gaingels.com | |||
Investments are directed by Bloom8 toward food tech sectors. | bloom8.vc | New York, United States | ||
Investment support is provided for emerging food industry brands. | 1894capital.com | |||
Tech & Life Sciences focused stage agnostic VC firm investing in Europe, Asia & the US | seventure.fr | Paris, France | ||
Venture capital is provided by Rich Products Ventures for food innovation. | richproductsventures.com | United States |
Investor details for MycoTechnology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of MycoTechnology
13 people are tracked at MycoTechnology (4 in leadership, 9 in board & advisors).
| Name | Role | Group |
|---|---|---|
Alan Hahn | Co-Founder | Leadership |
Peter Lubar | Co-Founder | Leadership |
Rick Becker | Chief Revenue Officer | Leadership |
Jerry Dreiling | CFO | Leadership |
Sanjeev Krishnan | Chairman | Board & advisors |
Scott Horner | Board Member | Board & advisors |
Doug Tough | Board Member | Board & advisors |
Oxana Kukhaneva | Board Member | Board & advisors |
Nanda Kumar | Board Member | Board & advisors |
Saif Al-Mahrouqi | Board Member | Board & advisors |
Rob Case | Board Member | Board & advisors |
Avishek Rao | Board Member | Board & advisors |
Brian Loeb | Board Member | Board & advisors |
Complete people profiles for MycoTechnology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Verified entity values are shown only after access is granted.
Timeline of MycoTechnology
3 dated milestones of MycoTechnology across 9 years, from founding to its latest funding, stage changes and deals.
- Founded MycoTechnology is founded.
- Funding First funding round of $215K.
- Funding Latest funding round, Series E, of $85.0M.
Competitors of MycoTechnology
MycoTechnology has 3 listed competitors in our database, 3 of them funded. They include TerViva, Motif FoodWorks and Fiberstar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| terviva.com | 2010 | Alameda, United States | $98.87M | Plant-based food ingredients are processed from pongamia seeds. | ||
| madewithmotif.com | 2019 | Boston, United States | $343.63M | Alternative food ingredients are developed via fermentation and biotechnology. | ||
| fiberstar.net | 1998 | Minneapolis, United States | $4.19M | Functional food fibers are produced to enhance texture and nutrition. |
Detailed competitors of MycoTechnology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of MycoTechnology
The website of MycoTechnology (mycoiq.com) receives about 3.1K visits a month.
- Monthly visits3.1K
▼ 16.1% vs previous month
Websites whose visitors overlap most with MycoTechnology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| glglifetech.com | 100% | View details | |||
mycomechanical.com | mycomechanical.com | 90% | #9,602,609 | – |
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as MycoTechnology (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Mycotechnology
Complete news archive for MycoTechnology
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Frequently Asked Questions about MycoTechnology
MycoTechnology was founded in 2013.
MycoTechnology is headquartered in Aurora, United States. It is registered at Aurora, Colorado, United States.
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 Debt – Conventional of $1.05M, raised on Oct 2013.
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.
MycoTechnology's top competitors include TerViva, Motif FoodWorks and Fiberstar.
MycoTechnology offers ClearIQâ„¢ Natural Flavor, ClearHTâ„¢ Natural Flavor, Honey Truffle Sweet Protein, and FERMENTATION AS A SERVICE (FAAS).
MycoTechnology has 32 investors. Key investors include Maple Leaf Foods, Bunge, Tyson Foods, Kellogg's, and Syngenta Group.
MycoTechnology operates through Mycotechnology, Inc..