Loading organizations...

MycoTechnology is a technology company.
MycoTechnology develops a proprietary platform leveraging mycelial fermentation to create novel food and beverage ingredients. The company specializes in harnessing the power of gourmet fungi to transform agricultural products, resulting in value-added solutions for the food industry. This technical approach focuses on improving taste, nutrition, and sustainability in various food applications.
Co-founded in 2013 by Alan Hahn and Pete Lubar, MycoTechnology originated from an insight into the untapped potential of fungi. Hahn, an IT sales executive, transitioned to food technology, driven by the vision to utilize natural processes for addressing global food challenges. Lubar contributed to establishing the operational framework for their innovative fermentation technologies.
The company's ingredients are adopted by a wide range of global clients, including flavor houses, consumer packaged goods companies, and beverage manufacturers. MycoTechnology aims to significantly advance the food system by providing clean-label, functional ingredients that enhance existing products and enable new ones. Its long-term vision centers on transforming the future of food through sustainable, nature-derived innovations.
MycoTechnology has raised $287.0M across 8 funding rounds.
MycoTechnology has raised $287.0M in total across 8 funding rounds.
MycoTechnology is a food technology company that develops premium, value-added ingredients through advanced mycelial fermentation, a natural process using mushroom mycelia. Their products improve taste, texture, and nutrition in food and beverages, addressing major industry challenges such as off-flavors in plant-based proteins and sugar reduction. They serve food and beverage manufacturers seeking healthier, sustainable, and better-tasting ingredients, enabling innovation at scale with solutions like ClearIQ™, a certified organic bitter blocker, and FermentIQ™, a shiitake mushroom fermented plant protein. The company has demonstrated strong growth momentum, raising over $200 million and operating a state-of-the-art 86,000 sq ft fermentation facility in Aurora, Colorado[1][2][4].
Founded in 2013, MycoTechnology was established to fuse nature, science, and culinary innovation by harnessing the natural capabilities of mushroom mycelia. The founders and early team leveraged over a decade of research into mycelial fermentation to create transformative food ingredients. Early pivotal moments include the commercialization of ClearIQ™, the world’s first certified organic bitter blocker, and winning the 2020 Radicle Protein Challenge, which validated their technology and accelerated growth. The company has evolved from pioneering flavor modulation to expanding into plant-based protein solutions and global markets, including recent European regulatory approvals[2][4][5].
MycoTechnology rides the rising trend of sustainable, plant-based, and clean-label food innovation driven by consumer demand for healthier and environmentally friendly products. The timing is critical as the food industry faces challenges in flavor and nutrition of plant proteins and sugar reduction mandates. Their mycelial fermentation technology leverages natural biological processes to create superior ingredients, positioning them as a key enabler in the alternative protein and functional ingredient markets. By collaborating with global food companies and expanding internationally, they influence the broader ecosystem by accelerating adoption of fungal biotechnology in mainstream food production[2][3][7].
Looking ahead, MycoTechnology is poised to expand its market presence globally, especially in Europe following regulatory approvals for FermentIQ™. Continued innovation in fermentation-derived sweet proteins and flavor modulators will likely drive new product categories and partnerships. Trends such as increased plant-based consumption, demand for clean-label ingredients, and sustainability pressures will shape their trajectory. Their influence may grow as a foundational technology provider enabling the next generation of healthier, tastier, and more sustainable food products, reinforcing their mission to evolve the food system for the greater good[2][6][7].
MycoTechnology has raised $287.0M in total across 8 funding rounds.
MycoTechnology's investors include Oman Investment Authority, Alphacy Investment, Bunge Ventures, Continental Grain Company, Evolution VC Partners, Gaingels, Maple Leaf Foods, Nourish Ventures, Rage Capital, S2G Ventures, Siddhi Capital, Tyson Ventures.
MycoTechnology has raised $287.0M across 8 funding rounds. Most recently, it raised $85.0M Series E in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 30, 2022 | $85.0M Series E | Oman Investment Authority | Alphacy Investment, Bunge Ventures, Continental Grain Company, Evolution VC Partners, Gaingels, Maple Leaf Foods, Nourish Ventures, Rage Capital, S2G Ventures, Siddhi Capital, Tyson Ventures |
| Nov 19, 2020 | $1.0M Other Equity | Radicle Growth, Erik Fyrwald | |
| Aug 17, 2020 | $39.0M Series D | Greenleaf Foods, Kellogg Company, S2G Ventures, Tyson Ventures | |
| Jun 1, 2020 | $39.0M Series D | Seventure Partners | |
| Jan 30, 2019 | $30.0M Series C | Alastair Cooper, Middleland MT Holdings, S2G Ventures, TML-Invest | Bunge Ventures, Continental Grain Company, DNS Capital, eighteen94 capital, Tyson Ventures |
| Oct 18, 2017 | $42.0M Series B | Ajinomoto, Continental Grain Company, Health for Life Capital, Middleland Capital, S2G Ventures | |
| Aug 1, 2017 | $42.0M Series B | Seventure Partners | |
| Oct 1, 2015 | $9.0M Series A | Seventure Partners, Middleland Capital, S2G Ventures |