Maia Farms, founded in 2021, is a Canadian food tech company specializing in alternative proteins. The company leverages biomass fermentation and advanced bioreactor technology to develop its flagship mycoprotein ingredient, CanPro™, using an undisclosed fungi strain with sugar from waste side streams as feedstock. This nutrient-dense protein offers a neutral flavor profile with hints of umami and a meat-like texture. It has multiple culinary applications, including alternative meats, snacks, protein bars, and more.
Key customers and partnerships
CanPro™ is available in commercial volumes for food manufacturers and chefs in North America. Moreover, the company aims to establish partnerships with fermentation CDMOs to enhance the manufacturing of CanPro™.
Funding and financials
In May 2024, the company raised CAD 2.3 million (~USD 1.7 million) in pre-seed funding co-led by Joyful Ventures, PIC Investing Group, and Koan Capital. Additionally, the company secured grant funding totaling over CAD 2 million (~USD 1.5 million) from several institutions. The funds were earmarked for R&D activities and expanding operations and market reach.
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