How many total Fungi Based Foods companies are there?

As of Apr 2025, there are 34 active companies in Fungi Based Foods sector.

Which countries have the most Fungi Based Foods companies?

United States (9) has the highest number of Fungi Based Foods companies, followed by United Kingdom (8) and Germany (5).

How many Fungi Based Foods companies are funded?

As of Apr 2025, 27 companies in this sector have received funding.

Which country has attracted the most investment in Fungi Based Foods companies?

With $1.1B in total funding, United States has attracted the most investment among Fungi Based Foods companies.

Who are the top investors in Fungi Based Foods companies?

The top investors in Fungi Based Foods companies by number of investments are Danone Manifesto Ventures, DSG Consumer Partners and IndieBio

Fungi Based Foods - 2025 Market & Investments Trends - Tracxn

Companies included in Fungi Based Foods

Includes companies that produces fungi based foods like meat substitutes, alternative proteins, dairy substitutes, beverages and food ingredients etc

Companies excluded in Fungi Based Foods

Exlcudes companies that does not develop fungi based foods, it can include traditional food brands or other tech based companies like plant based or lab cultured foods etc

Key Metrics

Total Companies

Top Companies

Epigamia, Meati & more

Total Funding

$1.5B

Funded Companies

Series A+ Companies

Series C+ Companies

There are more than 35 companies in Fungi Based Foods. Epigamia is the top Fungi Based Foods company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top Fungi Based Foods companies globally

Company	Location	Founded	Current Stage	Private Funding Raised
Epigamia	Mumbai, India	2007	Series D	$81.2M
Meati	Boulder, United States	2005	Series C	$483M
Prime Roots	San Francisco, United States	2017	Series B	$50M
Nature's Fynd	Chicago, United States	2012	Series C	$463M
Enifer	Espoo, Finland	2019	Series B	$28.3M

Get a longer list of companies

Companies founded year-on-year in Fungi Based Foods

7 Fungi Based Foods startups were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No of companies founded
2025	-
2024	-
2023	3
2022	3
2021	4
2020	4
2019	7
2018	5
2017	2
2016	-

Companies founded across countries in Fungi Based Foods

United States has 9 Fungi Based Foods startups, the most by any country, followed by United Kingdom which has 8 startups and Germany which has 5.

Total Number of Companies

Country	No of companies founded
United States	9
United Kingdom	8
Germany	5
India	3
Finland	2
Spain	2
Argentina	1
Denmark	1
Ireland	1
Israel	1

Stage-wise distribution of Fungi Based Foods

Out of the total 35 Fungi Based Foods companies, 27 have secured funding. Among them, 10 have reached Series A or higher, and 8 to Series B or beyond.

Stage

#Companies

Founded

Funded

Series A+

Series B+

Series C+

Company Stage	No. of companies
Founded	35
Funded	27
Series A+	10
Series B+	8
Series C+	4

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30+ Total Companies
$1.5B+ Total Funding
25+ Funded Companies

Total funding year-on-year in Fungi Based Foods

Fungi Based Foods saw a total funding of more than $1.5B in the last 10 years. The most amount of funding was in 2021 at more than $468M. There has been a total funding of $3.14M in 2025 till date.

Total Funding

Year	Total Funding
2025	$3.14M
2024	$373M
2023	$114M
2022	$216M
2021	$468M
2020	$188M
2019	$90.9M
2018	$12.2M
2017	$28.7M
2016	$6.61M

Total funding across countries in Fungi Based Foods

In the last 10 years, Fungi Based Foods startups in United States have recieved the highest funding among all countries - $1.1B. United Kingdom follows with $141M and India with $81.3M.

Total Funding

Country	Total Funding
United States	$1.1B
United Kingdom	$141M
India	$81.3M
Germany	$78.4M
Finland	$55.2M
Denmark	$22.1M
Argentina	$15M
Israel	$6.2M
Spain	$3.9M
Singapore	$25K

Total funding amount raised by stage in Fungi Based Foods

Over the last 10 years, Fungi Based Foods have seen $48.1M into Seed Stage funding rounds, $528M into Early Stage funding rounds and $791M go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$791M
Early Stage	$528M
Debt	$96.2M
Seed Stage	$48.1M
Grant	$36.6M

Recent Funding Rounds in Fungi Based Foods

In the year 2025, till February 2025, Fungi Based Foods companies have raised $3.14M in equity funding across 1 round. In the same period last year (i.e. till February 2024), Fungi Based Foods companies had raised $84.1M across 6 rounds. So, 2025 has seen a 96.27% drop in funding in Fungi Based Foods companies as compared to 2024.

Here are some recent, important funding rounds in Fungi Based Foods

Company	Round Raised	Amount Raised	Funding Date	Investors
Kynda	Seed	$3.14M	Feb 19, 2025	EnjoyVenture and 2 more
Nosh	Seed	Undisclosed	Aug 30, 2024	zur Muhlen
Adamo Foods	Seed	$2.57M	Jul 26, 2024	UK Innovation Science & Seed Fund and 2 more
MATR	Seed	Undisclosed	Jul 01, 2024	Novo Holdings
Enifer	Series B	$16.3M	May 23, 2024	Taaleri Bioteollisuus and 3 more

See a more detailed list of funding rounds

Danone Manifesto Ventures is the top investor in Fungi Based Foods companies based on number of companies invested.

Here are some top investors in Fungi Based Foods

Investor	Location	Top Portfolio Companies
Danone Manifesto Ventures	New York City, United States	Epigamia, Nature's Fynd
DSG Consumer Partners	Ebene City, Mauritius	Epigamia
IndieBio	San Francisco, United States	Prime Roots, Michroma, Bosque Foods
Verlinvest	Brussels, Belgium	Epigamia
SOSV	Cork, Ireland	Prime Roots, Michroma, Bosque Foods

See a more detailed list of investors

Companies founded by alumni from top colleges in Fungi Based Foods

Most number of Fungi Based Foods startups have been founded by alumni from University of California (Berkeley), University of Cambridge and Aalto University.

College	No of companies
University of California (Berkeley)	2
University of Cambridge	2
Aalto University	1
HEC Paris	1
IIT Bombay	1
Indian School of Business	1
NYU Stern School of Business	1
National University of Singapore (NUS)	1
University College London	1
University of Pennsylvania	1

Total funding in companies founded by alumni from top colleges in the Fungi Based Foods

In the last 10 years, University of California (Berkeley) graduates' Fungi Based Foods companies have raised the most funding among top colleges. HEC Paris alumni are second, and IIT Bombay alumni are third.

College	Total Funding
University of California (Berkeley)	$533M
HEC Paris	$508M
IIT Bombay	$85.6M
Indian School of Business	$85.6M
NYU Stern School of Business	$85.6M
University of Pennsylvania	$85.6M
Wharton School	$85.6M
Aalto University	$52.6M
University of Cambridge	$3.14M
National University of Singapore (NUS)	$25K