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Gothenburg's Millow secures €2 million to scale its clean-label protein production from oats and mycelium, led by investor Magnus Emilson.

PRIVATEAug 13, 2026•about 4 hours ago

Amount Raised

€2 Million

Round Type

Seed

SwedenManufacturingFood and BeverageAgriculture and FarmingFood Processing

Investors

Jan EnhagerMagnus Emilson

Description

Millow has closed a €2 million funding round to expand its production capacity and scale its commercial team for the Nordic foodservice market. The funding round was led by angel investor Magnus Emilson and included participation from several key strategic investors. This investment will enable Millow to serve foodservice customers at needed volumes while enhancing its market presence. The company produces fungi-based protein ingredients through innovative fermentation of Swedish oats.

Company Information

Company

Millow

Location

Sweden

About

Swedish food-tech start-up Millow produces clean label fermented protein products made from Nordic oats and mycelium for the foodservice industry. The company aims to meet the global demand for clean-label protein with its innovative approaches. Millow focuses on building commercial partnerships and scaling its production. It is headquartered in Gothenburg, Sweden.

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