Colorado-based MycoTechnology has completed Series E round of funding, securing $85 million at this time. Since establishment in 2013, the company has received at least $200 million from a variety of investors. MycoTechnology will use the funding injection to further develop its proprietary fermentation platform that aims to harness the natural power of mushroom mycelia. Mycelia is considered the invisible root system of mushrooms. They aim to bring positive impact to food and nutrition … [Read more...] about MycoTechnology secures funding to boost mushroom-based ingredients
nutritional ingredients
Kerry finishes acquisition of botanical extract company Natreon
To further expand its line of science-backed natural ingredients, Kerry has announced the completion of its acquisition of Natreon. The latter, a U.S.-based company, is a supplier of Ayurvedic botanical ingredients. These extracts, mainly utilised for the dietary supplement and functional food and beverage industries, are backed by 52 clinical studies. These are also protected by U.S. and foreign patents. Netreon’s portfolio includes the following: Sensoril® – Ashwagandha extract for … [Read more...] about Kerry finishes acquisition of botanical extract company Natreon
Kerry to acquire biotechnology innovation companies
Taste and nutrition company Kerry announced that it has reached agreements to acquire two leading biotechnology companies: c-LEcta and Enmex. These acquisitions are set to expand Kerry’s expertise, manufacturing capacities and tech portfolio. Germany-based c-LEcta produces high-value targeted enzymes and ingredients, with its functional bioactives utilised in the food and beverage space. It focuses on precision fermentation, optimised bio-transformation and bio-processing. On the other … [Read more...] about Kerry to acquire biotechnology innovation companies