Enough, which works in the Foodtech sector, announced that it has received an investment of 40 million euros. CPT Capital and World Fund managed the investment round of the Scotland-based startup. Other companies participating in this investment round; Scottish Enterprise, AXA IM Alts, Onassis Group, HAL Investments and Tailored Solutions. The startup has so far received a total investment of 94 million euros.
Enough will increase the capacity of its production facility in the Netherlands
The Scotland-based startup was founded by Jim Laird in 2015 under the name 3F BIO. The startup produces a fungus-derived vegetable protein called Abunda. This protein is known as mycoprotein. It is a protein produced from a single-celled fungus. It is a protein obtained from fermentation as a result of the use of Fusarium gramineurum mould. It is a meat substitute food.
The startup has a team of 60 people. Sas van Gent operates in Glasgow and London. Firstly, the mushrooms are fed with sugar. Then the fermentation process is carried out. It is fermented similar to the production of beer, wine, etc. The texture of the product consisting of high fibre and protein is very similar to meat. The production stage of protein is comparable to beef production. Compared to beef production, 97% less carbon emissions, 93% less water and 97% less feed are used.
As we have all observed, as a result of the rapid development of the industry, livestock and agriculture have been significantly affected by the increase in migration to cities. As a result, startups like Enough started to work in the field of foodtech, in other words food technologies. It will increase the capacity of its production facility in the Netherlands with its new investment based in Scotland.