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Finnish Startup Enifer Secures €36M for Mycoprotein Factory in Finland
May 23, 2024, 09:10 AM
Finnish biotech startup Enifer has secured €36 million ($39.1 million) in funding to build a large-scale mycoprotein factory in Finland. The funding, a mix of debt and equity, will be used to construct the first factory to produce fungal protein from sidestream materials. This facility aims to address the global protein shortage by producing up to 3,000 tons of food-grade mycoprotein annually. Enifer's innovative approach involves feeding a microbe air and electricity to create protein, showcasing a sustainable alternative to traditional agriculture. The project has garnered support from various investors, including Voima Ventures, FoodTech VC, Taaleri Team, Valio Ltd, and FinnveraFi.
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