Gothenburg’s Millow secures €2 million to scale clean-label protein made from oats and mycelium

HomeSweden StartupsGothenburg’s Millow secures €2 million to scale clean-label protein made from oats… This global development has drawn attention from market participants. HomeSweden StartupsGothenburg’s Millow secures €2 million to scale clean-label protein made from oats…FundingSweden Startups Gothenburg’s Millow secures €2 million to scale clean-label protein made from oats and mycelium By Rahul Raj August 13, 2026 Share FacebookTwitterWhatsAppLinkedin Millow, the Gothenburg-based FoodTech company producing mycelium-based protein ingredients for foodservice, has closed a €2 million funding round to expand its production capacity and scale its commercial team for 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.Key players involved: Goldman Sachs Asset Management, Partners Group 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. He also becomes a strategic adviser to Millow’s CEO, Fredrik Öhrn. Trading InsightsVolume and momentum indicatorsSupport and resistance levelsSector rotation patterns Expert CommentaryI approach this phase with real humility: the team and the advisers around us matter every bit as much as the technology,” said Fredrik Öhrn, CEO of Millow.  Millow was founded based on 25+ years of mycelium and fermentation research by Prof. Looking AheadFor complete details on this development, refer to the original report from EU-Startups. Frequently Asked Questions