Home News Technology revolutionizes food. New secret ingredient – fungus.

Technology revolutionizes food. New secret ingredient – fungus.

October 4, 2021 BOOK CONSULTATION

Fermented protein company Nature’s Fynd raised $350 million in a Series C round, more than tripling the funding it’s raised to date.

Nature’s Fynd will use the money to accelerate growth by expanding production capacity, developing partnerships, laying the foundation for global expansion and adding to its product portfolio. Earlier this year, the company offered a limited line of cream cheese and breakfast sausage on its website, and it also plans a limited rollout in stores later this year, as well as a nationwide launch and international expansion — including Asia — in 2022.

Nature’s Fynd is a Chicago-based startup growing protein-packed food from microbes with a fraction of the environmental footprint of meat or dairy.

In 2009, a team of researchers discovered a previously unknown microbe in the hot springs of Yellowstone National Park. Now, the fungus is the star ingredient in a new line of food products.

“It was very, very high in protein. And it’s actually a very exciting protein because it’s a complete protein,” says Thomas Jonas, CEO of Nature’s Fynd. “There are really not that many sources of complete protein out there.”

Jonas’s company developed a process to ferment the fungus and create what’s now called Fy protein.

“So we’ve been able to make things that range from chicken nuggets, hamburgers, breakfast sausages to yogurts and cheese,” Jonas says.

He foresees growing demand for protein-filled foods produced more sustainably than meat and dairy.

“That whole supply chain is completely inefficient and using a tremendous amount of resources of land, of water, energy,” he says. Fy could provide a more climate-friendly alternative.

Sakal’s network of highly qualified professionals estimates that the sustainable investing trend will continue to surge. Investing in ways to make the world a better place is driven by consumer demand and the recognition that sustainable funds provide returns comparable to traditional funds in addition to lower risk.

From January 2020 to June 2020, U.S.-based sustainable equity funds outperformed their traditional peers by a median of 2.8% in terms of total returns and likewise lost 3.9% less during this time of pandemic-induced volatility. However, only 27% of these assets were held on behalf of individual/retail investors.

But a tidal wave of growth is poised to follow in the retail sector, as just 25% of individual U.S. investors know much about this investing strategy.

Sakal Ventures patient and precise approach in this new environment allows us to produce robust returns typically not easily accessible to individual investors. Our structure allows investors to participate in investments in single companies rather than a portfolio of many companies.