Millow raises €2M to expand mycelium protein across Nordic foodservice

Foodtech Millow raises €2M to expand mycelium protein across Nordic foodservice Swedish foodtech Millow has secured new funding to scale production of its mycelium-based protein ingredients and expand its commercial presence across the Nordic foodservice market. This industry-specific development has drawn attention from market participants. Foodtech Millow raises €2M to expand mycelium protein across Nordic foodservice Swedish foodtech Millow has secured new funding to scale production of its mycelium-based protein ingredients and expand its commercial presence across the Nordic foodservice market.Tamara Djurickovic 13 August 2026 Share Facebook Twitter Linkedin Share Send email Copy link Swedish foodtech company Millow has raised €2 million in funding to expand production capacity and strengthen its commercial operations as it targets the Nordic foodservice market.The round was led by serial entrepreneur and angel investor Magnus Emilson, with participation from Jan Enhager, co-founder of Vitamin Well, the group behind NOCCO and Barebells, who will also join Millow as a strategic adviser to CEO Fredrik Öhrn.Key players involved: Goldman Sachs Asset Management, Nordic Capital Market AnalysisThe round was led by serial entrepreneur and angel investor Magnus Emilson, with participation from Jan Enhager, co-founder of Vitamin Well, the group behind NOCCO and Barebells, who will also join Millow as a strategic adviser to CEO Fredrik Öhrn. The round included two co-founders of Swedish technology companies, alongside strategic private investors from the Swedish food sector. Trading InsightsVolume and momentum indicatorsSupport and resistance levelsSector rotation patterns Expert Commentary Looking AheadFor complete details on this development, refer to the original report from Tech.eu. Frequently Asked Questions