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CHICAGO–(BUSINESS WIRE)–Could 23, 2022–
Hyfé Meals, a sustainable foodtech firm that produces low-carb, protein-rich mycelium flour, at the moment introduced an oversubscribed $2 million funding led by The Engine, the enterprise agency spun out of MIT that invests in early-stage Powerful Tech corporations. Different traders collaborating within the pre-seed spherical embrace: Blue Horizon, Caffeinated Capital, Provide Change Capital, Lifely, Gaingels, Hack Ventures, and angel traders together with restaurateurs and founders. As well as, Hyfé was awarded a Division of Vitality (DOE) grant by way of the Chain Response Improvements (CRI) Accelerator at Argonne Nationwide Labs. This funding will speed up Hyfé’s timeline to scale up towards commercialization.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/house/20220523005098/en/
Hyfé Meals co-founders CEO Michelle Ruiz and CTO Andrea Schoen (Photograph: Enterprise Wire)
Hyfé Meals is valorizing wasted sugar water from meals and beverage producers as feedstock to provide mycelium flour for a wide range of meals merchandise. The corporate has developed a carbon-neutral technique to provide inexpensive, excessive protein, low-carb, and allergen-free flour merchandise. Their know-how is flexible amongst provide chains and environmental situations; conserving water and bettering meals entry all through society. Flour is a meals staple that for years has contributed to persistent illness because of its excessive ranges of refined carbohydrates and prominence in diets throughout the globe.
The meals system accounts for 70% of all freshwater use and 25% of worldwide greenhouse gasoline emissions. Hyfé’s use of upcycled water feedstocks not solely reduces the water depth of fermentation but in addition diverts these feedstocks from wastewater remedy services, which generate important quantities of methane, a greenhouse gasoline with a 20-year world warming potential 84-86 occasions that of carbon dioxide.
Hyfé believes that the way forward for meals isn’t simply sustainable manufacturing, it needs to be wholesome for individuals as nicely. “A bowl of Hyfé pasta has as a lot protein as a hen breast, is excessive in fiber and has no refined carbs. We’re on a mission to make meals higher for you in addition to higher for the planet,” stated co-founder and CEO Michelle Ruiz. “Hyfé’s mycelium flour tastes and acts similar to wheat flour, enabling individuals to eat the meals they love with out adverse well being impacts. We’re leveraging biotechnology to provide this ingredient that’s carbon impartial, at scale, and at a really low value.”
Along with the well being advantages, enabling localized mycelium manufacturing advantages humanitarian efforts to fight meals shortages as industrial-scale development of the protein is decoupled from agriculture, making it doable to provide in distant or poor agricultural high quality environments.
“Within the face of provide chain and local weather uncertainty, regionalized manufacturing of wholesome meals is important to a round economic system and extra importantly, guaranteeing world meals safety. Hyfé stands out as a result of it operates on the intersection of local weather and well being and uniquely delivers a cheap answer,” stated Katie Rae, CEO and Managing Accomplice at The Engine. “We have been impressed with Michelle and Andrea’s imaginative and prescient for locating a method to produce nutritious meals at scale with out the necessity for agriculture, recent water, or a lot area. The variety of pondering, ardour for the mission, drive and excellence of execution positions them to succeed.”
Hyfe Meals was co-founded in 2021 by CEO Michelle Ruiz and CTO Andrea Schoen, former ExxonMobil and LanzaTech engineers. Ruiz, an immigrant from Ecuador, is a Carnegie Mellon chemical engineer with greater than a decade of producing expertise, with bioengineering experience in wastewater remedy. Schoen is a Northwestern and College of Wisconsin bioengineer and registered patent agent who supported the startup of the world’s first commercial-scale gasoline fermentation plant.
About Hyfé Meals
Hyfé Meals is a Chicago primarily based substances firm that produces low-carb, protein-rich, and allergen-free mycelium flour by utilizing fermentation to upcycle wasted sugar water from meals and beverage manufacturing. To comply with their journey, join their publication, and comply with founders Michelle Ruiz and Andrea Schoen on twitter.
About The Engine
The Engine, spun out of MIT, invests in early-stage corporations fixing the world’s greatest issues by way of a convergence of breakthrough science, engineering, and management. We speed up the trail to marketplace for Powerful Tech corporations by way of the mixture of capital, infrastructure, and community. The Engine is headquartered in Cambridge, MA. For extra info, go to www.engine.xyz.
View supply model on businesswire.com:https://www.businesswire.com/information/house/20220523005098/en/
CONTACT: Michelle Ruiz
KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RETAIL SPECIALTY FOOD/BEVERAGE
SOURCE: Hyfé Meals
Copyright Enterprise Wire 2022.
PUB: 05/23/2022 07:00 AM/DISC: 05/23/2022 07:02 AM
http://www.businesswire.com/information/house/20220523005098/en
Copyright Enterprise Wire 2022.
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