
ENOUGH
Fermented fungi protein for sustainable food production.
- dt and ls
- biotechnology
- horizon europe
- sustainable development goals
- climate tech
- spinout
- eit ecosystem
- alternative protein
- nif defense security and resilience
- synthetic biology
- meat substitute
- fermentation
- nif health crisis preparedness
- enabler of alternative proteins
- mycelium technology
- nif food security
- seafood substitute
- mycoprotein
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor investor investor investor investor investor | €0.0 | round | |
investor investor investor investor investor investor investor | €0.0 Valuation: €0.0 2436.8x EV/Revenue -30.3x EV/EBITDA | round | |
* | N/A | Late VC | |
Total Funding | 000k |
GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | - | - | - | (98 %) | 1991 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | - | - | - | - | (1535 %) | (168106 %) | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | - | - | - | - | (912 %) | (150608 %) | (142 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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ENOUGH, formerly known as 3F BIO, is a food technology company founded in Glasgow, Scotland, in 2015 by Jim Laird, David Ritchie, and Craig Johnson. The founders combined their backgrounds in the food industry and chemical engineering to address the challenge of sustainable protein production for a growing global population. The company's core mission is to make protein sustainable through a zero-waste fermentation process.
The company produces ABUNDA® mycoprotein, a food ingredient derived from fermenting fungi with sugars from renewable feedstocks like grains. This process is significantly more resource-efficient than traditional animal protein production, using substantially less water and feed while generating fewer CO2 emissions. The resulting mycoprotein is a whole food ingredient rich in protein and fiber, containing all nine essential amino acids. It has a neutral taste and a fibrous, meaty texture, making it a versatile component for developing alternatives to meat, fish, and dairy products.
ENOUGH operates on a business-to-business (B2B) model, supplying its ABUNDA® ingredient to food manufacturers, retailers, and food service companies. This strategy aims to accelerate the adoption of sustainable protein by enabling other companies to expand their plant-based product lines. The company has a production facility in Sas van Gent, Netherlands, strategically co-located with a Cargill facility that supplies the necessary glucose feedstock. ENOUGH has an ambitious goal to produce one million tonnes of mycoprotein cumulatively by 2032.
The company has successfully raised significant capital to fund its expansion, with total funding surpassing €110 million from multiple rounds. Key investors include CPT Capital, Nutreco, Cargill, World Fund, and Scottish Enterprise. These investments are being used to scale up production capacity to meet the increasing demand from the alternative protein market.
Keywords: mycoprotein, food technology, sustainable protein, B2B ingredients, fermentation, alternative protein, food production, plant-based, food sustainability, ABUNDA, fungi-based protein, meat substitute, food ingredient, zero-waste, food-tech, sustainable food, vegan protein, eco-friendly food, food innovation, biotechnology