Kynda raised €3M in seed funding led by Enjoy Ventures to expand production of mycoprotein-based meat made from food waste.

Feb 13, 2025•10 months ago

Amount Raised

€3 Million

Round Type

seed

UelzenFood ProcessingFood and BeverageBiotechnology

Investors

C.E.L.L. InvestmentPhw GroupClima NowEnjoy Ventures

Description

German food tech startup Kynda has secured €3M in a seed funding round to enhance its mycoprotein production capabilities. The funding, supported by investors including Enjoy Ventures, Clima Now, and PHW Group, will be used to scale up their fermentation technology.

Company Information

Company

Kynda

Location

Uelzen, Lower Saxony, Germany

About

Kynda is a German food tech startup founded in 2019 that focuses on producing mycoprotein-based meat from upcycled food waste. The company utilizes a submerged biomass fermentation process to transform sidestreams from the food industry into a sustainable protein alternative. Their technology produces mycelium protein rapidly, boasting lower greenhouse gas emissions compared to traditional plant-based proteins. Kynda aims to meet increasing demand for sustainable and nutritional protein sources in various applications, from vegan meat alternatives to animal feed.

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