Biohifas is a biotechnology startup based in Lithuania, founded in 2023. It focuses on harnessing the power of mycelium to valorize industrial side streams into the food industry. The company's technology development is structured around three key areas: processing industrial side streams into food-grade substrates, cultivating mycelium in solid-state fermentation, and conserving raw materials. The company's slogan, "We employ the power of mycelium!" reflects its commitment to leveraging the potential of fungi to address global challenges. Biohifas recently secured a €25.00K Convertible Note investment from Baltic Sandbox Ventures in 15 February 2024. Biohifas seeks to engage individuals passionate about the fungal kingdom's potential and the solutions it holds. By combining innovation and biotechnology, Biohifas aims to address pressing global issues through mycelium-based advancements.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | €25.00K | 1 | Baltic Sandbox Ventures | 15 Feb 2024 |
Grant | €5.00K | - | 15 Dec 2023 | |
Grant | €3.00K | - | 03 Nov 2023 | |
Grant | €12.75K | - | 10 Oct 2023 | |
Grant | €20.00K | - | 08 Aug 2023 |
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