Fungu’it

Overview

Fungu’it is a food-tech startup based in Dijon, France, specializing in the production of natural flavorings through the solid-state fermentation of agricultural by-products using filamentous fungi. Founded in 2022 by Anas Erridaoui and Jeanne Boudevin, the company focuses on transforming the agri-food industry by replacing synthetic flavor enhancers with sustainable, natural alternatives. Fungu’it has raised approximately €4 million to advance its technology and commercialize its offerings.

Recent Developments

  • June 2025: Fungu’it raised €4 million in a funding round led by Asterion Ventures, with contributions from Evolem and UI Investissement. The funds will support the construction of an industrial pilot plant and enhance the company's production and commercial operations. The investment aims to expand Fungu’it’s market presence, particularly in plant-based foods, and to develop a diverse range of natural flavor profiles.
  • 2024: Fungu’it was awarded the Techinnov 2024 prize in the field of FoodTech for its innovative approach to protein and flavor production. The startup received financial backing, including personalized coaching by KPMG, amplifying its visibility in the industry.
  • 2023: Fungu’it joined the Genopole's Gene.iO program, which supports innovation and facilitates the growth of biotech enterprises, enhancing its research and development capabilities.
  • 2023: The startup signed its first commercial contract with Cocoriton, marking a significant milestone in its market entry strategy.

Company Information

AttributeInformation
Founding Date2022
Headquarters64 A Rue de Sully, 21000 Dijon, France
FoundersAnas Erridaoui, Jeanne Boudevin
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsAsterion Ventures, Evolem, UI Investissement
IndustryFoodTech
Number of EmployeesNot publicly disclosed

Early History

Fungu’it was established in 2022 by Anas Erridaoui and Jeanne Boudevin, driven by a vision to transform the food industry using innovative fermentation technology. The idea was to utilize agricultural by-products and transform them into high-value flavorings, leveraging the power of fungi. Early on, the startup aligned itself with research institutions and industry incubators such as Genopole and Agro Paris Tech’s Food’inn Lab, enabling access to valuable resources and expertise. This strategic alignment not only allowed Fungu’it to refine its processes but also paved the way for collaborations that strengthened its market position.

Company Profile and Achievements

Fungu’it envisions redefining the production of flavorings through sustainable means. The company employs solid-state fermentation to create natural alternatives to synthetic flavors. It produces two flagship ingredients: a meaty umami flavor aimed at enhancing plant-based meats and a sustainable chocolate flavor that reduces reliance on cocoa. These innovations reflect Fungu’it’s commitment to addressing the environmental and health challenges associated with conventional flavorings.

  • 2022: Founded with the goal to revolutionize food flavor production.
  • 2023: Joined Genopole's Gene.iO program, enhancing its R&D potential.
  • 2024: Won the Techinnov 2024 award for pioneering contributions to FoodTech.
  • 2025: Secured substantial investment to advance production capabilities and commercial reach.

Current Operations and Market Position

As of 2025, Fungu’it is poised at the forefront of the natural flavor industry, focusing on the commercialization of its fermentation-based products. The company's operations are set to scale with the construction of an industrial pilot plant, which promises to significantly increase production capacity. Fungu’it’s strategic emphasis on plant-based foods aligns with growing consumer demand for sustainable, low-impact dietary options. By offering flavors that are both environmentally friendly and superior in taste profile, Fungu’it stands to disrupt traditional flavor markets and establish substantial market share.

Conclusion

Fungu’it represents a significant shift towards sustainability in the food industry by harnessing fungal fermentation to create natural flavorings. Through strategic investments and partnerships, the company is expanding its technological capabilities and market reach. As it continues to grow, Fungu’it is well-positioned to influence the global shift towards natural and sustainable food production. Looking ahead, the startup aims to further its industrialization efforts, enhance its product offerings, and secure its place as a key player in the natural ingredient sector.

References

  1. Protein Production Technology
  2. Genopole
  3. TechEU
  4. Edible Planet Ventures
  5. Euronews
  6. TechFunding News
  7. FoodBev Media
  8. Vegconomist
  9. SIAL Paris
  10. Agro Media