Singapore’s VisVires New Protein and Switzerland’s Redalpine co-led the Series A round, with existing investors Happiness Capital — an affiliate of Hong Kong food brand Lee Kum Kee — and Joyance Partners also participating. Mushlabs uses liquid fermentation technology to grow mycelia, the ‘roots’ of mushrooms, for use in the manufacturing of alt-protein and meat replacement products. According to the Berlin-based startup, edible mushroom mycelium provides “complete and balanced nutrition,” with an umami flavor profile and mouthfeel that makes its especially suitable for use in alternatives to animal meat.

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