Kynda
Biotech startup enabling in-house mycelium fermentation with plug-and-play bioreactors for sustainable food production.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €3.0m | Seed | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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KyndaTech is a biotechnology startup based in Hamburg, specializing in the production of mycelium through fermentation. Mycelium is the root-like structure of mushrooms, consisting of a network of microscopic fibers that grow beneath the soil. This organism has garnered significant interest from food scientists and sustainability experts for its potential in creating sustainable food sources.
KyndaTech serves clients in the food industry, particularly those looking to produce alternative proteins. Instead of setting up a centralized production facility, KyndaTech provides its clients with plug-and-play bioreactors. These bioreactors enable clients to produce mycelium in-house, making the technology accessible and scalable. This decentralized approach allows clients to integrate mycelium production into their existing operations, reducing the need for extensive infrastructure investment.
The company operates in the sustainable food production market, which has shown resilience and growth potential, second only to the real estate sector. KyndaTech's business model revolves around selling and leasing bioreactors, along with providing ongoing support and maintenance services. This model ensures a steady revenue stream from both initial sales and recurring service fees.
KyndaTech is backed by a strong group of venture capital (VC) and angel investors, including FoodLabs, Sustainable Food Ventures, and Shio Capital. These investors provide not only financial support but also strategic guidance, helping KyndaTech navigate the competitive landscape of the biotech and food industries.
In summary, KyndaTech is at the forefront of sustainable food production, leveraging innovative biotechnology to offer scalable mycelium fermentation solutions. The company aims to provide the food industry with more sustainable and healthier protein alternatives, contributing to a more sustainable future.
Keywords: Mycelium, Fermentation, Bioreactors, Biotechnology, Alternative Proteins, Sustainable Food, Decentralized Production, Food Industry, Venture Capital, Hamburg.