# Millow

**Source:** https://www.startuphub.ai/startups/millow
**Profile type:** Startup

> Millow is a Swedish foodtech company that develops and produces mycelium-based protein ingredients for the B2B foodservice and retail markets.

## About

Millow is a Swedish foodtech company founded in 2020 that develops and produces mycelium-based protein ingredients. Their proprietary solid-state fermentation process utilizes Swedish oats and mycelium, creating a protein ingredient with a minimal number of core components and no binders or additives. The company targets the B2B foodservice and retail markets, offering a clean-label, nutrient-dense, and sustainable alternative to traditional meat and ultra-processed plant-based substitutes.

## Key facts

- **Slug:** millow
- **Location:** Gothenburg, Sweden
- **Founded:** 2020-01-01
- **Operating status:** Active
- **Total funding:** $2M
- **Sectors / tags:** Food Technology, Biotechnology, Sustainable Food, Ingredients, FoodTech, Cellular Agriculture, Mycelium Protein, Alternative Protein, Fermentation, Solid-State Fermentation, Clean Label, B2B Foodservice, AgTech, Biotech
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/millow-food/

## Frequently asked

### What does Millow do?

Millow is a Swedish foodtech company founded in 2020 that develops and produces mycelium-based protein ingredients. Their proprietary solid-state fermentation process utilizes Swedish oats and mycelium, creating a protein ingredient with a minimal number of core components and no binders or additives. The company targets the B2B foodservice and retail markets, offering a clean-label, nutrient-dense, and sustainable alternative to traditional meat and ultra-processed plant-based substitutes.

### What is Millow's valuation?

StartupHub estimates Millow's effective valuation at $7.8M (range $5.0M to $12.0M, 22% confidence), based on comparable companies in the sector.

### How much funding has Millow raised?

Millow has raised a total of $2M in funding. The most recent round on record is Seed.

### Where is Millow headquartered?

Millow is headquartered in Gothenburg, Sweden.

### When was Millow founded?

Millow was founded in 2020.

### What industry does Millow operate in?

Millow operates in Food Technology, Biotechnology, Sustainable Food, Ingredients, FoodTech, Cellular Agriculture.

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