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Exciting news in the plant-based food space! Recently, we shared the news that MycoTechnology, a Colorado-based food technology start-up, is making protein out of fermented shitake mushroom protein. Well now, MycoTechnology has closed on their Series B round of financing … and has secured a total of $42 million!

Last month the company announced they closed at $35 million, which caught the attention of other top investors. “These additional investors provide the strategic expertise to help us execute our vision of feeding an exponentially growing population with a sustainable protein source,” Alan Hahn, CEO and Co-Founder of MycoTechnology, told PR News Wire.

Not has MycoTechnology secured $42 million to bring their sustainable protein to the masses, the company also signed a lease on an 86,000 square foot commercial facility in Aurora, Colorado to produce, PureTaste. MycoTechnology also recently struck a global distribution deal with Naturex, a leading natural ingredients company. The mushroom protein will now be marketed by the company to the food and dietary supplements market.

The Pure Taste protein is very concentrated at 77-80 percent by dry weight and the mushroom protein’s DIAAS (Digestible Indispensable Amino Acid Score) which is 1 – that fact makes it comparable with animal protein. It has zero cholesterol, is low in calories, fat, sugar, and carbohydrates, but high in beta-glucans. It also has all essential amino acids. PureTaste has a cereal taste and a neutral aroma, making the product ideal for new product development. The commercial facility will initially be able to produce 4,000 metric tons of PureTaste per year.

This is another example of the innovation happening in the protein space as more companies recognize that animal-based protein isn’t where consumers are looking. We’ve seen other plant proteins, such as pea, come to the forefront of the vegan food space and mushroom protein has the potential to show that there are a variety of ways to create healthy, sustainable protein options that can help shift our food system away from factory farming. We can’t wait to see what MycoTechnology does next!

To learn more about the environmental impact of our food choices as well as trends and developments in the plant-based food space, check out our podcast #EatForThePlanet with Nil Zacharias.

Image source: frgetmenot/Flickr

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One comment on “Vegan Mushroom Protein That’s Comparable to Animal Protein Is Taking Over Thanks to New Investment”

Click to add comment
Marie Niclair-Morelli
29 Days ago

Just eat the mushrooms! I say! No need to process it??

Elina Faurschou
1 Months Ago

Benn Samuels

Fanny Blum
1 Months Ago

Jonas Söderqvist

Jonas Söderqvist
23 Oct 2017


You have CAT to be Kitten me right MEOW
1 Months Ago

Thank god we now have vegan mushrooms.

Lori Thompson
1 Months Ago

Quorn is already using this. How is this new?

Burton Blazek
23 Oct 2017

Quorn isn't vegan and uses single celluar mycoprotien. this is fermented shiitakes. seems like itd taste better i haven't eaten Quorn in years theyre food is gross

Keri Stephens
23 Oct 2017

Quorn now has vegan products

Miguel Angel De La Cruz
1 Months Ago

Ana Lucía Estrella

Geri Landeros
1 Months Ago

Anna Anderson

Ali Gelo
1 Months Ago

Surely it is just mushroom protein. No need for the vegan part

Jeff Biss
1 Months Ago

I can\'t wait until these alternative protein and meat (lab grown) products prove to be far more sustainable and cheaper to produce than the holocaust sourced meat that people eat today. We need to end the holocaust that is the meat industry.


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