Adamo Foods Raises £1.5M for “Groundbreaking” Mycelium Steaks
British food tech startup Adamo Foods has secured £1.5 million in backing to bring its whole-cut mycelium steaks to marketplace.
“We’re working on an exciting new technology to take [mycelium-based] products to the next level, and are hugely grateful to our new investors for recognising its potential,”
The sum consists of pre-seed backing from SFC Capital and two leading grants from the administration agency Innovate UK. The grants were received following Adamo’s participation in the ‘Better Food for All’ and ‘Novel Low Emission Food Production Systems’ competitions. Adamo will use the capital to further develop and scale its products, including by biofortifying the nutrients in mycelium to replicate the nutritional benefits of beef.
The firm will as well develop processes to uptick production to a pilot scale as it prepares to debut. The news comes after Adamo showcased its technology at the International Cellular Agriculture conference in Helsinki, which took place from June 14-15. The startup will in addition soon be pitching in the finals of the Coller Startup Competition. © Adamo Foods Removing animals from the food system Whole cuts make up 85% of the conventional meat market, but very few plant-based whole cuts are available due to the difficulty of replicating the texture of meat.
Adamo Foods’ technology cultivates mycelium (the root structure of fungi) in long, dense fibres, mimicking the texture of beef or chicken. Per to The startup’s first product will be an ultra-realistic steak alternative ,, to be the first in Europe.
