Millow Bags $2.3M to Launch Clean-Label Meat from Oats & Mycelium

Millow Bags $2.3M to Launch Clean-Label Meat from Oats & Mycelium

5 Mins Read Swedish food tech startup Millow has secured €2M ($2.3M) in funding to expand production of its low-water oat and mycelium protein, which it will initially launch in the Nordic foodservice channel. Growing mycelium on oats to produce a low-water, low-emission meat analogue, Sweden’s Millow has raised €2M ($2.3M) to accelerate its path to market. The round was led by angel investor Magnus Emilson. He was joined by Vitamin Well co-foun…

Millow raises €2M to scale mycelium protein, backed by €1.7B in Swedish tech exits

Millow has raised €2 million from experienced Swedish tech investors and Jan Enhager, who co-founded NOCCO. Millow’s main patent recently passed the EU opposition period without any objections. Millow’s carbon footprint is 98% lower than beef, in a sector where a major competitor went bankrupt in 2024. Two co-founders of Swedish tech companies, whose combined exits total €1.7 billion, have invested in a company that makes protein from oats and f…

Millow closes €2m funding round to expand clean-label protein production

Swedish food-tech start-up Millow has closed a €2 million funding round to support the expanded production capacity of its clean-label protein made from oats and mycelium.

Gothenburg’s Millow secures €2 million to scale clean-label protein made from oats and mycelium

Millow, the Gothenburg-based FoodTech company producing mycelium-based protein ingredients for foodservice, has closed a €2 million funding round to expand its production capacity and scale its commercial team for the Nordic foodservice market. The round was led by serial entrepreneur and angel investor Magnus Emilson, with participation from Jan Enhager, co-founder of Vitamin Well, the group behind NOCCO and Barebells. He also becomes a strateg…