Biomass Fermentation Pioneer Kynda Raises €3M From Investors Including Meat Processor PHW Group

German company Kynda has secured €3 million in seed funding from investors including Enjoy Ventures, PHW Group, Clima Now, and C.E.L.L. Investment. Kynda specializes in industrial biomass fermentation and develops technologies to convert by-products from the food industry into high-quality mycoproteins. The funding will help the company optimize sustainable protein production and expand its production capacity to meet market demand.

Kynda's mycoproteins have meat-like textures, cell-bound fats, and natural umami taste, offering a more sustainable alternative to traditional protein production methods. The company plans to open a new facility in Jelmstorf near Hamburg in 2025 and partner with PHW Group to further develop its fermentation technology. This strategic partnership will enable both companies to commercialize innovative products and achieve synergies in the alternative protein market.