The brief

Analyst view

• FDA 'no questions' letter on Bioalbumen's safety (GRAS) in Sept 2025.
• Bought a Jefferson County, Wisconsin site for a plant due online in 2028.
• Raised a $40M Series A in 2024 (led by NordicNinja); $56M total then.

Technical approach

As reported

Host

Trichoderma reesei fungus

A fungus used for decades to make industrial enzymes is given the gene for ovalbumin, the main egg-white protein.

Fermentation

Tanks instead of hens

The fungus grows in steel tanks on sugar and produces the protein, which is purified and dried to a powder.

Product

Same protein, no chicken

The amino-acid sequence matches hen ovalbumin, so it foams, gels and binds like egg white in baking and drinks.