Food tech company MycoTechnology raises US$39m to advance its solutions

USA – MycoTechnology, a food technology startup that has developed a novel food processing platform using mycelial fermentation, has raised US$39 million in its Series D round, less than five months after closing a US$30 million Series C funding The Series D financing was co-led by Greenleaf Foods, SPC, S2G Ventures, and Evolution Partners with participation from Rich Products Ventures, Tyson Ventures, Continental Grain, Middleland Capital, Bunge Ventures, Seventure Partners, Cibus Investments Limited, and Kellogg’s eighteen94 Capital investment arm. The financing round was completed amidst of the COVID-19 pandemic, demonstrating investor…

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Cell-based seafood company BlueNalu secures US$20m in Series A funding round

USA – BlueNalu, a California-based food company producing seafood directly from fish cells, has closed its Series A funding round, raising US$20 million from a number of strategic investors. The Series A round was co-led by Stray Dog Capital, CPT Capital, New Crop Capital, and Clear Current Capital with participation of five strategic investors, including Griffith Foods, Nutreco, Pulmuone, Rich Product Ventures, and Sumitomo Corporation of Americas. The Series A round follows BlueNalu’s seed funding round in 2018 which was the start-up raise US$4.5 million. BlueNalu’s A round attracted a…

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Rich Products makes three acquisitions to accelerate growth

USA – Rich Products, a New-York based food company, has announced the expansion of its product portfolio with three acquisitions in the seafood and baked goods industry. Rich Products has acquired Rizzuto Foods, a Pacific northwest-based maker of pizza doughs; Morey’s Seafood International, a seafood company based in Plymouth, Minnesota. Founded in 1937, Morey’s Seafood International runs a state-of-the-art processing center in Motley and a distribution facility in Plymouth, offering a full line of fish and seafood products. Morey’s Seafood portfolio will join Rich’s value-added seafood offering which includes the…

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