€3M to revolutionise mushroom production

Added on 01 November 2023

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€3M to revolutionise mushroom production

Tupu team | Image credit: Tupu

Berlin-based Tupu, an agtech company that plans to transform the mushroom farming industry through its decentralised farming system, announced that it has secured $3.2M (approximately €3M) in a Seed round of funding.

The round was co-led by FoodLabs and Zubi Capital, with participation from Clear Current Capital, FoodHack, IT-Farm, Coast Cap, and notable business angels in the food and tech sectors like Roger Hassan and Gil Horsky.

Till Hoelzer, Principal at FoodLabs, says, “Controlled environment farming is a key technology to make our food supply chain climate resilient. We’re excited about Tupu as they are able to make indoor farming economically viable.”

“As early backers of the company, we’re very happy about their recent funding round and their journey ahead,” adds Hoelzer.