Maia Farms Raises $2.3M In Pre-Seed Financing

Maia Farms, a Vancouver, Canada-based company dedicated to enhancing the global protein supply with mycelium, raised $2.3M in Pre-Seed funding.

The round was led by Joyful Ventures, PIC Group and Koan Capital, with participation from from angel investors within the Creative Destruction Lab. In addition to the equity investment, the company received a grant funding from the Canadian Food Innovation Network, the National Research Council of Canada, The SFU BC Centre for Agritech Innovation, MITACS, and the Canadian Space Agency.

Founded in 2021 by Gavin Schneider, Ashton Ostrander, and Dr. Sean Lacoursire, Maia Farms is a FoodTech company using bioreactor technology to produce mushroom and mycelium-based protein ingredients that improves taste and texture of food products.

The company intends to use the funds to accelerate its research and development activities, scale up operations, and further its reach for its product line, CanPro™, a sustainable and accessible protein ingredient made with mushroom and vegetables.