Eternal (formerly Kernel Mycofoods) is a precision-fermentation food technology company producing Mycofood, a 100% animal-free protein ingredient derived from Fusarium venenatum mycoprotein, optimized via AI-driven fermentation. Founded in 2017 in Buenos Aires, the company maintains commercial HQ in Argentina with an R&D lab in Helsinki and an industrial-scale production facility in Lappeenranta, Finland. Eternal supplies Mycofood as a drop-in ingredient (wet and dry formats) to food producers for meat analogues, beverages, and other applications, and is a finalist in the XPRIZE Feed the Next Billion and NASA Deep Space Food Challenge competitions.
Eternal Mycofood has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
11–50
Total Funding
$15M
1 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $15M across 1 rounds
Last updated 10-03-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Dec 17, 2021 | Institutional / Unattributed Press release | $15M+ | — | Union Group Ventures |
Alejandro Antalich
Chairman
Paola Díaz
Chief Operating Officer
Lucas Gago
Co-Founder & VP of Innovation
Zafar Kanani
Finance Director
Horacio Acerbo
Emeritus Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Infinite Roots
Hamburg, Germany-based mycelium fermentation startup producing mycoprotein ingredients from submerged fermentation for alternative meat and dairy applications.
Enifer
Espoo, Finland-based mycoprotein producer commercializing PEKILO mycoprotein from circular-economy side-streams for aquafeed, pet food, and human food.
MyForest Foods
Albany, NY-based mycelium meat-alternative maker (MyBacon, MyPulledPork) using farm-grown oyster mushroom mycelium.
MycoTechnology
Aurora, CO-based fungal-fermentation ingredients company offering flavor modulators, plant-based proteins, and sweeteners via mushroom mycelia fermentation.
Innomy
Spain-based mycelium-based meat-alternative startup producing whole-cut mushroom-mycelium products such as steaks and burgers.
The EVERY Company
Precision-fermentation animal-free egg-protein producer (formerly Clara Foods) targeting functional protein ingredients for food and beverage.
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