ENOUGH

What ENOUGH does

ENOUGH (formerly 3F BIO) is a UK-headquartered food technology company that produces ABUNDA mycoprotein — a fermented fungal protein — through a proprietary zero-waste fermentation process in which fungi are fed naturally-occurring sugars in grains. Founded in 2015 and headquartered in Glasgow, Scotland, the company operates from four locations: its UK headquarters in Glasgow, an office in London, a Dutch operating entity (ENOUGH B.V., registered in Zoetermeer), and a 15,000 square metre flagship production facility in Sas van Gent, the Netherlands, co-located alongside a Cargill site. The firm employs 51-100 people and has raised over €95 million across six funding rounds between 2017 and 2024.

The company's core technology is a patented zero-waste fungal fermentation process yielding a whole-biomass mycoprotein with all nine essential amino acids, zinc, iron and fibre, and a fibrous meat-like texture. Documented efficiency claims versus beef are 97% lower feed use, 99% lower water use and 95% lower CO2 emissions; the company reports its process is 3-15x more feed-conversion-efficient than competing protein sources. Initial facility capacity is 10,000 tonnes per annum, with a stated ramp to 60,000 tonnes by 2027 and a long-term vision of 1 million tonnes of cumulative mycoprotein output by 2032-2033.

ENOUGH operates a B2B ingredient model, selling ABUNDA mycoprotein to food manufacturers, CPG companies and retailers for incorporation into burgers, chicken-style products, seafood alternatives, noodles and snacks. Pricing is negotiated through multi-year commercial agreements rather than publicly disclosed. Named enterprise customers are Unilever (including through The Vegetarian Butcher brand), Marks & Spencer, and Cargill; Cargill has also signed a commercial agreement to use and market ABUNDA, supplies feedstock and utilities to the Sas van Gent site, and has participated in multiple funding rounds. Distribution is therefore split between direct B2B sales and Cargill's global ingredient network.

Name

ENOUGH

Legal name

ENOUGH B.V.

Website

https://enough-food.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

ENOUGH (formerly 3F BIO) is a UK-based food technology company that produces ABUNDA mycoprotein via proprietary zero-waste fungal fermentation, supplying it as a B2B ingredient to food manufacturers, CPG companies and retailers including Unilever, Marks & Spencer and Cargill.

Ownership category

akta.pro rank

Product category

Alternative Protein Ingredients

NAICS

Food Manufacturing (311)

SIC

Miscellaneous Food Preparations & Kindred Products (2090), Food And Kindred Products (2000)

akta.pro primary industry

Mycoprotein-Based Foods Manufacturing (AFAKAGAG)

akta.pro secondary industries

Mycoprotein & Fungal Proteins (Fusarium/Mycelium-Based) (AFAJAHAE), Fermentation-Derived Proteins (Precision Fermentation, Biomass Fermentation) (AFAJAHAH)

Keywords

• Fermented protein ingredients
• Mycoprotein production
• Sustainable food ingredients
• Alternative protein supply
• Fungal fermentation technology

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. B2B Ingredient Sales: ENOUGH is a B2B ingredient company that sells ABUNDA mycoprotein to food manufacturers, retailers, and brands. Revenue is generated through the sale of mycoprotein as an ingredient for incorporation into various food products including burgers, chicken-style products, noodles, snacks, and other applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

ENOUGH produces and supplies ABUNDA mycoprotein, a fermented food ingredient made via a proprietary zero-waste fungal fermentation process, to food manufacturers, CPG companies, and retailers as a sustainable alternative protein. The B2B ingredient has a fibrous meat-like texture and contains all 9 essential amino acids, fiber, zinc, and iron, suitable for incorporation into burgers, chicken-style products, noodles, snacks, and seafood alternatives. Production takes place at a flagship facility in Sas van Gent, Netherlands, co-located with Cargill.

Product overview

ENOUGH is a food technology company specializing in large-scale, sustainable protein production through fungal fermentation. The company's primary product is ABUNDA mycoprotein, a fermented food ingredient produced via a proprietary zero-waste process. ENOUGH operates as a B2B ingredient supplier, working with retailers and brands to bring sustainable protein products to market. The company has developed production facilities in the Netherlands and maintains offices in Glasgow, UK and London. ABUNDA serves as an ingredient for various food applications including meat alternatives, seafood alternatives, and general protein-enriched foods.

Differentiator

Problem solved

Functional benefit

Brands

• ABUNDA: ABUNDA mycoprotein is ENOUGH's flagship fermented food ingredient, rich in protein and fibre with all 9 essential amino acids, zinc and iron. It provides a meaty texture and is used in various food products including burgers, chicken-style products, sausages, noodles, and snacks. ABUNDA is marketed as a sustainable protein alternative requiring 97% less feed than red meat, 99% less water than red meat, and emitting 95% less CO2 than red meat production.
• ABUNDA®

Products and services

• ABUNDA Mycoprotein A fermented food ingredient produced through a zero-waste fungal fermentation process, rich in protein and fiber with all 9 essential amino acids, zinc, and iron. Offers a fibrous, meat-like texture suitable for vegan, vegetarian, and flexitarian diets, and is used in applications from burgers to chicken-style products, noodles, snacks, and seafood alternatives.

Quantifiable outcome

• 97% less feed required compared to beef production
• +7 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, key and supporting.

• CargillcoreStrategic or Co-development Partner · 15 February 2024Cargill has expanded its relationship with ENOUGH by signing a commercial agreement to use and market ABUNDA mycoprotein and investing in ENOUGH's Series C growth funding round. ENOUGH's production facility is co-located alongside Cargill's facility in Sas van Gent, Netherlands. Cargill supplies ENOUGH with feedstock and utilities. This is a multi-faceted strategic partnership supporting ENOUGH's goal to produce 1 million tonnes of ABUNDA by 2033.
• UnilevercoreStrategic or Co-development PartnerUnilever partners with ENOUGH for protein innovation using ABUNDA mycoprotein, including through The Vegetarian Butcher brand. This is described as a 'game changing' partnership for sustainable protein innovation.
• Marks & SpencerkeyStrategic or Co-development PartnerMarks & Spencer partnered with 3F BIO (ENOUGH) to develop a vegan range using mycoprotein as part of their Innovation Hub focused on disruptive innovation.
• PLENITUDE ConsortiumkeyStrategic or Co-development PartnerThe PLENITUDE consortium project involves 10 partners from the full value chain, with the aim of increasing availability of sustainable, safe food-grade protein. Cargill is one of the partners in this EU-funded project.
• EIT FoodssupportingStrategic or Co-development PartnerENOUGH is featured in EIT Foods content and videos on alternative proteins, supporting the biotech disruption in food.
• Fungi Protein AssociationsupportingOthersENOUGH is a founding member of the Fungi Protein Association (FPA), along with Quorn, Nature's Fynd, The Better Meat Co., The Protein Brewery, Prime Roots, Mycotechnology, Mycorena, and others. The FPA advocates for fungi as a sustainable protein in public policy and conducts consumer research.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Quorn: Quorn is the incumbent mycoprotein producer with decades of brand equity and global retail distribution. It is the most directly comparable peer to ENOUGH's ABUNDA, producing fungal-fermented protein for meat alternative applications and competing for the same CPG and retail customers.
• Nature's Fynd: Nature's Fynd produces fungal protein (Fy) using biomass fermentation from a strain originally found in Yellowstone. It is a direct mycoprotein peer competing for the same B2B ingredient customers in the alternative protein category.
• The Better Meat Co. The Better Meat Co. produces a mycoprotein ingredient via fungal fermentation for use in hybrid and plant-based meat products. It is a fellow founding member of the Fungi Protein Association and a direct ingredient peer to ENOUGH in the mycoprotein category.

Emerging players

• Mycorena: Mycorena is a Swedish food tech company producing mycoprotein via fungal fermentation (Promyc). It is an emerging mycoprotein peer focused on the European market, with a smaller commercial scale than ENOUGH.
• Prime Roots: Prime Roots produces mycelium-based whole-cut meat alternatives using fungal biomass fermentation. It is an emerging direct peer in the fungal protein category, focused on deli slices, jerky, and other whole-cut applications.
• The Protein Brewery: The Protein Brewery produces fungal fermentation-derived protein (FUMI) for food applications. It is an emerging direct peer with overlapping technology and target customers in the alternative protein B2B space.
• MycoTechnology: MycoTechnology uses fungal fermentation platforms to create food ingredients, including mycelium-based protein and flavor-masking solutions. It is a fellow Fungi Protein Association member and an emerging peer with related fermentation technology.
• Meati Foods: Meati produces whole-food protein from mushroom root (mycelium) for plant-based meat alternatives. It is an emerging peer in the mycelium/fungal protein category, competing for consumer-facing shelf space and B2B ingredient partnerships.

Broad incumbents

• Beyond Meat: Beyond Meat is the largest publicly-traded plant-based meat alternative company. While it uses pea protein rather than mycoprotein, it is the dominant incumbent in the broader alternative protein category that ENOUGH's customers compete within at retail.
• Impossible Foods: Impossible Foods produces plant-based meat alternatives using soy protein and heme. As a broad incumbent in the alternative protein category, it competes for the same foodservice and retail customers that ENOUGH's CPG partners serve.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=ubczxoG6Nlo
• Xx.com/enough_abunda
• LinkedInlinkedin.com/company/enough-food

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds6 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ENOUGH