# Infinite Roots

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/infinite-roots

- Industry: Food
- Headquarters: Hamburg, Germany
- Website: www.infiniteroots.com
- Total disclosed funding: $68M
- Latest round: Series B (Jan 25, 2024)
- Investors on record: 12

## About

Infinite Roots, based in Germany, develops mycelium-based food products that offer sustainable, nutrient-rich culinary ingredients, catering to both everyday consumers and fine dining establishments.Founded in 2018, Infinite Roots specializes in innovative food solutions using mycelium. The company is headquartered in Hamburg, Germany, and has successfully engaged in 6 deals, with the most recent deal occurring on January 25, 2024. The firm raised USD 58.00 mn in Series B funding, led by Dr. Hans Riegel-Stiftung and supported by multiple investors including REWE Group and Foodlabs. The company was co-founded by Mazen Rizk, who also serves as CEO, alongside co-founder Anne-Cathrine Hutz.Infinite Roots® focuses on developing mycelium-based food products, leveraging the root structure of mushrooms for sustainable culinary offerings. The product line includes mycelium-infused items that are high in protein, fiber, vitamins, and minerals, providing a unique umami flavor. Their cultivation process mirrors natural soil conditions, allowing for rapid development and customization with local seasonings, appealing to various consumer markets across Europe and partnerships with major food service channels like REWE in Germany and ventures into South Korea with Pulmuone.Infinite Roots® generates revenue through strategic partnerships and direct sales of its innovative products within the food service industry. They engage with restaurants and food distributors, establishing tailored transactions that meet partner needs. Revenue streams include wholesale agreements with retailers and direct-to-consumer sales, positioning their offerings as premium, sustainable alternatives to traditional protein sources.On January 25, 2024, Infinite Roots successfully raised USD 58.00 mn in Series B funding to enhance production capabilities and support its commercial growth. The funding will facilitate the launch of new products designed to meet diverse consumer demands. The company plans to expand its market reach into new geographic regions, particularly focusing on further penetration into South Korea and other European markets by the end of 2024.

## Funding rounds

- Series B, Jan 25, 2024, $58M — Redalpine, REWE Group, Clay Capital, Foodlabs, Happiness Capital, European Innovation Council, Simon Capital, Dr. Hans Riegel-Stiftung, Betagro Ventures
- Series A, Jul 15, 2020, $10M — Redalpine, Clay Capital, Joyance Partners, Mavie Noble Limited
- Seed, Jan 14, 2020 — Bitburger Ventures

## Investors

- Bitburger Ventures (https://capitalatlas.ai/funds/bitburger-ventures) — Seed
- Redalpine (https://capitalatlas.ai/funds/redalpine) — Series A, Series B
- Clay Capital (https://capitalatlas.ai/funds/clay-capital) — Series A, Series B
- Joyance Partners (https://capitalatlas.ai/funds/joyance-partners) — Series A
- Mavie Noble Limited — Series A
- REWE Group — Series B
- Foodlabs (https://capitalatlas.ai/funds/foodlabs) — Series B
- Happiness Capital (https://capitalatlas.ai/funds/happiness-capital) — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B
- Simon Capital (https://capitalatlas.ai/funds/simon-capital) — Series B
- Dr. Hans Riegel-Stiftung — Series B
- Betagro Ventures (https://capitalatlas.ai/funds/betagro-ventures) — Series B