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French FoodTech startup Fungu’it raises €4 million to reinvent natural flavorings through fungi fermentation
- French FoodTech startup Fungu’it raised €4 million in funding to build an industrial pilot plant and accelerate the commercialization of its natural flavorings.
- The funding round was led by Asterion Ventures with participation from Evolem and UI Investissement.
- Fungu’it focuses on producing natural flavorings through solid-state fungi fermentation, promoting sustainable and organic ingredients.
- The startup uses filamentous fungi to transform agricultural by-products into high-value ingredients, reducing water and energy consumption.
- Fungu’it's innovative approach aims to create flavors that are accurate, vibrant, and accessible, enhancing the agro-food sector's transformation.
- The startup stabilized flagship ingredients, including a meaty umami flavor for plant-based alternatives and an innovative chocolate flavor that reduces cocoa usage.
- The global market for natural flavorings is growing rapidly, driven by the demand for healthier and more sustainable solutions.
- Fungu’it plans to build an industrial pilot plant, patent its process, and strengthen its sales team to accelerate commercialization.
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