Germany’s Infinite Roots secures the largest investment in mycelium tech in Europe; raises €53.2M
Hamburg-based Infinite Roots, a biotech company using fermentation and fungi to create the next generation of sustainable foods, announced that it has secured $58M (nearly €53.25M) in a Series B round of funding. This round for Infinite Roots represents the largest investment in mycelium technologies in Europe.
The oversubscribed investment was led by Dr Hans Riegel Holding (HRH), one of the two holding companies of Haribo, and supported by the EIC Fund, an initiative of the European Commission. REWE Group and Betagro Ventures also participated in the round.