Mycorena

Based in Sweden, Mycorena uses a proprietary bio-based fermentation process to upcycle food waste from industrial waste streams into a filamentous fungi, called mycelium, which is used in the production of its flagship mycoprotein product “Promyc”.  Promyc can be used in a variety of foods such as whole cuts, burgers, nuggets, functional food and nutritional supplements. 

In 2019, Mycorena began commercial production of Promyc in collaboration with Arla Foods (Danish dairy company). The company claims that one Mycorena production unit ( with a size of 10 cubic meters) has the capacity to produce 1,000 kg of Promyc per week. 

Mycorena distributes its products through B2B channels such as commercial kitchens, foodservice businesses and food manufacturers. In December 2020, the company partnered with the plant-based meat company, Kale United to launch gourmet plant-based meatballs (Svenska Göttbullar). In October 2022, Mycorena collaborated with the Dutch plant-based meat producer Revo Foods to research and develop a mycoprotein suited for 3D printing and vegan seafood and whole-cut meat alternatives. The partnership received a grant of EUR 1.5 million (~USD 1.6 million) in January 2023 from Vinnova, the Austrian Research Promotion Agency, and Eurostars.

In June 2021, the company secured SEK 77 million (USD 9 million) in a pre-Series A funding round led by VEOS Group, with participation from FBG Invest and Bånt AB. Mycorena expects to use the proceeds for the commercialization of Promyc, expansion of its team, for R&D and to commence the construction of its production facility in Falkenberg, Sweden.; The plant is reportedly Scandinavia’s first large-scale mycoprotein production facility and is set to open in mid-2022.