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Millow.co
Millow produces clean-label, fungi-based protein ingredients by fermenting Swedish oats through a patented solid-state fermentation process. The resulting mycelium protein is high in complete amino acids and fiber, cooks like meat, and generates roughly 98% less carbon emissions than Swedish beef while using only 3-4 liters of water per kilogram. The company supplies foodservice operators, food manufacturers, and private-label brands with market-ready products under the Made-with-Millow mark.
- Agriculture Technology
- Biotechnology
- Clean Technology
- Consumer Goods
- New Materials
Updated 2 months ago
Funding
Raised to date
€4.4MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $4.8Macross 2 rounds
EIJEME€2M · Undisclosed
Announced Aug 2026 · from article date
Disclosed cumulative: $4.8M
2/2
RoundDateAmountValuationInvestors
Founders
Product
Problem
Conventional meat production carries a heavy environmental burden, including high greenhouse gas emissions, excessive water use, and land degradation. Existing plant-based protein alternatives often rely on highly processed ingredients, binders, and additives, which can compromise nutritional quality and clean-label appeal. Foodservice operators and manufacturers face difficulty sourcing sustainable proteins that perform like meat in professional kitchens without requiring changes to established cooking workflows.
Solution
Millow produces a whole-food, mycelium-based protein ingredient through a patented solid-state fermentation process that combines Swedish oats with fungal cultures in under 24 hours. The resulting product delivers all nine essential amino acids, natural fiber, and key vitamins and minerals while maintaining a clean label with no binders, additives, or GMOs. The ingredient handles like conventional meat formats, allowing chefs to cook with it using familiar techniques. Millow's process uses only 3-4 liters of water per kilogram and achieves a carbon footprint of 0.32 kg CO₂e per kilogram, approximately 98% lower than Swedish beef, as independently verified by RISE. The company co-develops products with customers from day one, enabling foodservice, food manufacturing, and private-label partners to ship market-ready items carrying the Made-with-Millow mark.
Target Audience
Primary customers are Nordic foodservice operators, food manufacturers, and private-label brands seeking sustainable, clean-label protein ingredients that perform like meat in professional kitchens. The company is also in discussions with major distributors and has growing international interest from foodservice and retail markets.
Features
- Patented solid-state fermentation technology (EP 4 307 913) that converts Swedish oats and mycelium into protein using 3-4 liters of water per kilogram
- Independently verified carbon footprint of 0.32 kg CO₂e per kilogram, around 98% lower than Swedish beef
- Clean-label ingredient with no binders, additives, soy, gluten, or dairy; animal-free, GMO-free, and naturally high in protein and fiber
- Complete protein profile containing all nine essential amino acids plus β-glucans for digestion and immunity support
- Cooks like meat in professional kitchen formats, requiring no changes to established culinary workflows
- Technology platform can ferment other plant-based materials, including industrial side streams, enabling circular production models
- Co-development model with foodservice operators, manufacturers, and private-label brands for market-ready products under the Made-with-Millow mark