Kynda funding news – Hamburg-based Kynda Secures €3M in Seed Funding

It specializes in producing alternative proteins for food and pet food industries. They use a unique fermentation process to turn agricultural waste into mycoprotein, a protein-rich substance made from mushroom mycelium. This process is quick, taking just 24 to 48 hours, much faster than traditional methods.

It’s focus is on sustainability by recycling agricultural by-products, helping the environment, and supporting food security. Their mycoprotein has a meat-like texture and savory flavor, making it a great ingredient for meat alternatives.

Read also - Pixel Photonics funding news – Munster-based DeepTech Startup Pixel Photonics Secures €1 Million in Funding

It offers affordable, easy-to-use bioreactors and starter cultures for clients to produce their own biomass. In 2024, it started building a large facility near Hamburg to produce thousands of tons of "Kynda Meat" every year. This expansion is designed to meet the rising demand for sustainable proteins.

It plans to increase production at its new facility in Jelmstorf, near Hamburg, which is set to open in the second quarter of 2025.

Daniel MacGowan, co-founder of Kynda said, “Many of our customers require thousands of metric tonnes of product. This investment will allow us to increase our production capacity with our partners to meet those needs and to reach the mass market,”.

Franziskus Schnabel, co-founder of Kynda said, “This strategic partnership creates exciting synergies, accelerating the implementation and commercialisation of our technology and superfood raw materials, With PHW’s support, we are well-positioned to drive sustainable innovation at scale.” Kynda is positioning itself as a key player in the future of global alternative protein production."

Gerrit Gnisa of Enjoy Ventures said, "With the vegan food market growing and consumers demanding minimally processed products, Kynda provides manufacturers with a sustainable and competitive solution to meet these trends for cleaner, healthier, and allergen-friendly food ingredients. This funding round, combined with strong partnerships and cutting-edge technology, enables Kynda to accelerate the adoption of circular economy solutions in food production and animal nutrition."

About Kynda

Kynda uses its own technology to turn agricultural by-products into mycoprotein for the food and pet food industries. Their fermentation process takes just 24 hours and produces mycelium with over 40% protein and up to 50% oil. It’s also more affordable than plant-based protein.