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Eternal

Plant-based Meat
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Supplier (Technology/ Ingredients)
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Product stage:
Seed
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Eternal (formerly Kernel Mycofoods) is a spin-off of Enye-Tech, a design, technology, and ideation company based in Buenos Aires. Eternal’s flagship product is Mycofood, an alternative protein ingredient produced using Fusarium venenatum biomass, with AI, computer vision, and proprietary tech used to optimize the production process. The fungus- Fusarium venenatum is already approved for human consumption by the Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). Further, the company was the winner of the Phase 1 NASA Deep Space Food Challenge and a semi-finalist in the ongoing XPRIZE Feed the Next Billion competition.

Funding and financials

In its latest funding round in December 2021, the startup raised USD 15 million, which is expected to be used to accelerate growth by developing strategic partnerships with food producers which includes facilitating an annual production capacity of over 50,000 metric tons in five years as well. The startup also announced the possibility of a public listing in 2022.

Plant-based Meat

Plant-based Meat

Key stats
Featured companies
172
Total funding (USD)
7.7 Bn
Total addressable market (USD)
103.5 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Dec 17, 2021
Kernel Mycofoods raises USD 15 million
Plant-based Meat

Company Brief


Founded year:
2018
Employees:
11-50
Funding data are powered by Crunchbase
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