2 years ago

Enough Secures €40 Million to Scale Up Fungi-Sourced Protein Production

  • Enough, a Scottish fungi-sourced protein company, has secured €40 million (£34.2 million) in equity funding to expand its operations

  • The company's mycoprotein, ABUNDA, is a plant-based alternative protein source that can be used in various food products

  • The funding will be used to double the company's headcount and scale up production

  • Enough claims its protein is more sustainable than traditional protein sources, reducing water, feed, and CO2 emissions significantly

  • The funding round was led by World Fund and CPT Capital, with previous investors AXA IM Alts, HAL Investments, Onassis Group, Tailored Solutions, and Scottish Enterprise participating.

      • ProblemFood & Beverage

      "Creating sustainable protein sources that are environmentally friendly and can meet the growing demand for alternatives to animal products is challenging."

      Solution

      "Enough provides a sustainable and scalable protein source called ABUNDA, a mycoprotein produced by fermenting grain sugar with fungi. This process uses significantly less water, feed, and emits less CO2 compared to traditional meat production, offering a more environmentally friendly alternative."

      Covered on