About MyForest Foods
MyForest Foods is a company based in Albany (United States) founded in 2019 by Eben Bayer and Gavin McIntyre.. MyForest Foods has raised $65.55 million across 5 funding rounds from investors including Ecovative, Horizon Tech Finance and Viking Global Investors. The company has 31 employees as of December 31, 2022. MyForest Foods offers products and services including MyBacon. MyForest Foods operates in a competitive market with competitors including Meati and Prime Roots, among others.
- Headquarter Albany, United States
- Employees 31 as on 31 Dec, 2022
- Founders Eben Bayer, Gavin McIntyre
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65.55 M (USD)
in 5 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Feb 08, 2024
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Investors
Ecovative
& 2 more
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Employee Count
31
as on Dec 31, 2022
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Products & Services of MyForest Foods
MyForest Foods offers a comprehensive portfolio of products and services, including MyBacon. 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.
Meatless bacon made from organic mushroom mycelium for healthier eating options.
Funding Insights of MyForest Foods
MyForest Foods has successfully raised a total of $65.55M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in February 2024. 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 5
- Last Round Series A — $3.5M
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First Round
First Round
(27 May 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - MyForest Foods | Valuation |
investors |
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| Jun, 2023 | Amount | Series A - MyForest Foods | Valuation | Ecovative |
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| Apr, 2022 | Amount | Debt – Venture - MyForest Foods | 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 MyForest Foods
MyForest Foods has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ecovative, Horizon Tech Finance and Viking Global Investors. 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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Structured debt is provided to life sciences and technology firms.
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Founded Year | Domain | Location | |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Sustainable biodegradable materials are developed using mycelium technology.
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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 MyForest Foods
| 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 - MyForest Foods
| 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 |
Myforest Foods Comparisons
Competitors of MyForest Foods
MyForest Foods 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 Meati and Prime Roots, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of fungi-based protein meats foods
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| domain | founded_year | HQ Location |
Protein products are produced and supplied using edible fungi.
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| 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 Myforest Foods
Frequently Asked Questions about MyForest Foods
When was MyForest Foods founded?
MyForest Foods was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is MyForest Foods located?
MyForest Foods is headquartered in Albany, United States.
Who is the current CEO of MyForest Foods?
Greg Shewchuk is the current CEO of MyForest Foods.
Is MyForest Foods a funded company?
MyForest Foods is a funded company, having raised a total of $65.55M across 5 funding rounds to date. The company's 1st funding round was a Debt – Venture of $15M, raised on May 27, 2020.
How many employees does MyForest Foods have?
As of Dec 31, 2022, the latest employee count at MyForest Foods is 31.
What does MyForest Foods do?
MyForest Foods was founded in 2019 and is headquartered in Albany, United States. Plant-based whole cut meat alternatives are cultivated using agricultural technology focused on mushroom roots. These products replicate the taste and texture of traditional meat without animal ingredients, targeting the alternative protein sector. Operations emphasize sustainable, pig-free meat development for food applications.
Who are the top competitors of MyForest Foods?
MyForest Foods's top competitors include Meati and Prime Roots.
What products or services does MyForest Foods offer?
MyForest Foods offers MyBacon.
Who are MyForest Foods's investors?
MyForest Foods has 3 investors. Key investors include Ecovative, Horizon Tech Finance, and Viking Global Investors.