Onego Bio is a Precision Fermentation company founded in 2022 and based in Helsinki, Finland. It has raised $70.8M in total funding, most recently a Series A in 2024.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Apr 1, 2024 | Series A | $40M | — | — |
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A bioidentical egg-white protein made by precision fermentation. Onego Bio engineers the fungus Trichoderma reesei to secrete ovalbumin, the main protein in egg white, producing a powder said to be nature-identical to chicken-derived ovalbumin and to deliver its foaming, gelling and binding functionality in food. Marketed as a chicken-free, animal-free ingredient for applications ranging from baked goods and pasta to beverages and desserts, Bioalbumen received an FDA 'no questions' GRAS letter in 2025, clearing it for commercial use across many food categories in the United States.