What is Michroma?
Founded in 2019, Michroma operates at the intersection of biotechnology and food science, specializing in the development of fermented food ingredients derived from fungi. The company's focus on sustainable and novel ingredient production positions it as a key player in the evolving landscape of food technology. Michroma's commitment to innovation in this niche sector aims to provide alternative solutions for food manufacturers seeking to enhance flavor, texture, and nutritional profiles.
How much funding has Michroma raised?
Michroma has raised a total of $6.4M across 1 funding round:
Angel/Seed
$6.4M
Angel/Seed (2023): $6.4M with participation from CJ CheilJedang, Supply Change Capital, and Be8 Ventures
Key Investors in Michroma
CJ CheilJedang
CJ CheilJedang is a prominent South Korean food and bioengineering conglomerate with a diversified portfolio spanning food ingredients, biochemicals, and pharmaceuticals. Their investment in Michroma suggests a strategic interest in innovative food technologies and sustainable ingredient sourcing.
Supply Change Capital
Supply Change Capital is a venture capital firm focused on the food ecosystem, likely identifying and supporting companies that are transforming food production and supply chains through innovation and sustainability.
Be8 Ventures
Be8 Ventures is a venture capital fund that invests in innovative startups within the food ecosystem, with a particular emphasis on sustainability and digitalization. Their participation indicates a belief in Michroma's potential to drive positive change in the food industry.
What's next for Michroma?
The recent major strategic investment signals a pivotal growth phase for Michroma, likely enabling the company to scale its production capabilities, expand its research and development efforts, and broaden its market reach. This backing from strategic partners suggests a strong validation of Michroma's business model and its potential to disrupt traditional ingredient supply chains. Future developments may include new product launches and strategic partnerships to further solidify its position in the global fermented food ingredients market.
See full Michroma company page
