The company claims this model puts it on a path to price parity with conventional meat—a milestone that has remained elusive for many precision-fermentation competitors .
This follows earlier raises: a $3.3 million pre-seed round in early 2024 (co-led by Simon Capital and FoodLabs) and €680,000 in public funding secured in 2025 .
Europe imports roughly 70% of its protein for animal feed—primarily soy from South America—creating both a large carbon footprint and a strategic vulnerability . Pacifico Biolabs frames its mycelium protein as a domestically produced alternative that reduces that import dependence.
By tapping underutilized industrial infrastructure, the company also sidesteps the land-use and agricultural constraints that limit plant-based protein scalability in Europe .
The Series A funds are directed toward three main areas:
The company is initially focused on whole-cut meat alternatives—primarily beef and poultry formats—though earlier development work also explored seafood analogues using the same mycelium platform .
Pacifico Biolabs' brewery-retrofit strategy may offer a blueprint for other fermentation startups facing the same capital-intensity problem. Whether the model proves economically viable at scale will depend on execution in Saxony and the consumer reception when products hit shelves later this year.