Norwegian Mycelium (NoMy)

Norwegian Mycelium (NoMy) is a biotechnology startup based in Norway, founded in 2020. The company's slogan, "Innovating the next generation of sustainable foods and feeds," encapsulates its mission to transform the food industry. NoMy utilizes fermentation technology to convert food industry side streams into high-value ingredients, harnessing the power of fungi to achieve this. Their fungal fermentation technologies have been proven, scalable, and cost-effective, signaling potential for significant industry impact. The most recent milestone for NoMy was the Seed Round investment which took place on 01 January 2023, with the investment coming from Farvatn Venture. This funding round is indicative of the confidence that investors have in the potential of NoMy's innovative approach to sustainable food production. The company's focus on leveraging microbes to bring about significant change in the food and feed industry aligns with the growing global emphasis on sustainable practices and alternative food sources. NoMy's ability to attract investment in a competitive market showcases the perceived value of its technology and its potential to disrupt traditional food production methods.