Innomy raises €1.3m to develop alternative protein sources based on mushrooms

Amsterdam, September 22, 2022: Rockstart, global early stage investor and accelerator, announces its investment in the Spanish food tech startup Innomy. The €1,3m round was led by Corporación Cervino, Zubi Capital, Eatable Adventures, the National Center for Technology and Food Safety (CNTA) with Rockstart as a co-investor. The investors have taken equity stakes in the company to scale the startup’s disruptive technology and promote a more sustainable and healthier protein consumption alternative.  

The leading Argentinian team, composed by CEO and co-founder Juan Pablo de Giacomi, biotechnologist COO and co-founder Pablo Sánchez Rey, and mycologist CSO and Technology Partner Francisco Kuhar, has dedicated years of research to the properties of mushroom-based proteins and their benefits for the health of people and planet. 

In the context of the current global environmental and demographic challenges, meat alternatives, such as mycelium, are an effective solution to reduce meat production effects, which are responsible for almost 60% of all greenhouse gasses generated by food production, according to FAO data. Mycelium, a filamentous, protein-rich ingredient extracted from the root structure of mushrooms is considered to be one of the most promising sources of protein for the future. Its quality in terms of nutrition was recognized by scientists a long time ago, but its current production for human consumption is not yet widespread. Furthermore, the fact that fungi do not produce cholesterol or significant amounts of saturated fats has redirected the attention of the food industry towards them.

Innomy is the third foodtech Spanish startup announcing its first funding round after successfully completing the Rockstart AgriFood acceleration program and Spain Foodtech program developed by Eatable Adventures, in collaboration with ICEX Spain Export and Investment and the National Center for Technology and Food Safety (CNTA).

– ENDS- 

About Innomy 

Innomy is a platform of finished mushroom-based products that developed a new generation of meat alternatives combining mushroom tissues and biotechnology, replacing meat with healthier, more sustainable and delicious foods. The Argentine startup based in Bilbao, Spain, was born in 2021, and after the closing of its first round of investment, they plan to promote the development of their products as well as their arrival in new European markets.

About Eatable Adventures 

Eatable Adventures is one of the most relevant food-tech accelerators in Europe and Latam with more than 25 corporate programs launched, a deal flow of 2,200 global food-tech startups each year and operations in four continents. In 2021 Eatable Adventures launched a €50M fund for investing in early-stage food and agriculture tech startups across Europe and Latin America. 

Eatable Adventures detects, promotes and invests in the most disruptive startups that promise a relevant impact on the agri-food value chain, by developing and implementing successful collaboration models with leading companies in the food industry, generating innovation opportunities at high speed.