UK’s Adamo Foods bags €2.3M to create sustainable steak alternatives using fungi

London-based Adamo Foods, a food tech startup, announced recently that it has secured £2M (approximately €2.3M) in a Seed funding round co-led by UK Innovation Science and Seed Fund (UKI2S) and managed by Future Planet Capital and Joyful Ventures.

The funding will help the company accelerate its mission to introduce the first ultra-realistic beef steak alternative made from fungi.

Hassan Mahmudul, Investment Manager at UKI2S says, “Adamo’s whole-cut meat product has the potential to be highly differentiated in the market compared to current plant-based alternatives. I am excited to see this product in the market.”

The capital will not only scale production but also expand Adamo’s team with senior food industry experts and broaden its product range to include steak and chicken breast alternatives.

Pierre Dupuis, Founder and CEO of Adamo Foods, comments, “This is a pivotal moment for Adamo. We’re thrilled to have such experienced investors with deep foodtech expertise on board. This funding will allow us to scale our production to pilot-scale and bring our clean-label products closer to consumers.”

Adamo Foods: Ultra-realistic alternatives to meat whole-cuts

Founded by Pierre Dupuis, Adamo Foods is a food-technology company, developing the most innovative alternatives to meat whole-cuts.

With its proprietary fermentation process, the UK company produces long, densely packed fibers of mycelium, closely replicating the muscle structure of whole-cut meat.

This results in a tender, flavorful fungi steak made from just five natural ingredients, free from plant off-notes and artificial binders like methylcellulose.

The company says its steaks are nutritionally superior, being high in protein and fiber, with zero cholesterol, and boasts an impressive 93 per cent reduction in greenhouse gas emissions compared to conventional beef.

The company is preparing for its first product launch with a limited pilot in the UK, followed by a broader rollout across Europe.