About SomaTech
SomaTech is a company based in Monaghan (Ireland) founded in 2023.. SomaTech offers products and services including Solid-State Fermentation Technology and Ingredient Portfolio. SomaTech operates in a competitive market with competitors including Michroma, Myconeos and Mycofeast, among others.
- Headquarter Monaghan, Ireland
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Sectors
Consumer
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Website
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Social
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Annual Revenue
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Latest Funding Round
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Products & Services of SomaTech
SomaTech offers a comprehensive portfolio of products and services, including Solid-State Fermentation Technology and Ingredient Portfolio. 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.
Converts food side streams into high-value ingredients for sustainability.
Provides multifunctional, digestible components for various food applications.
Funding Insights of SomaTech
| 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 |
Investments & Acquisitions by SomaTech
| 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 - SomaTech
| 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 |
Somatech Comparisons
Competitors of SomaTech
SomaTech 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 Michroma, Myconeos and Mycofeast, 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 |
Multiple food ingredients are developed through fungal-based processes.
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| domain | founded_year | HQ Location |
Fungal strains are bred for food industry applications.
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| domain | founded_year | HQ Location |
Industrial biotechnology firm creating proteins and lipids for human and animal nutrition.
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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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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about SomaTech
When was SomaTech founded?
SomaTech was founded in 2023.
Where is SomaTech located?
SomaTech is headquartered in Monaghan, Ireland. It is registered at Monaghan, Monaghan, Ireland.
What does SomaTech do?
SomaTech was founded in 2023 in Monaghan, Ireland. Operations focus on the food industry, where sustainable solutions are developed. Locally produced byproducts are upcycled using fungal mycelium to produce functional, protein-rich ingredients. These efforts support resource efficiency in food production, with activities centered in Ireland.
Who are the top competitors of SomaTech?
What products or services does SomaTech offer?
SomaTech offers Solid-State Fermentation Technology and Ingredient Portfolio.