Maia Farms this week unveiled the closing of an oversubscribed Seed round of equity financing.
The Vancouver-based food technology company developing mushroom and mycelium-based ingredients secured nearly $4 million, bringing the firm’s total capital raised over the past year to more than $6.5M.
The 2026 startup-to-watch raised the seed funding from Active Impact Investments, Nya Planet, Ag-West Bio, PIC Investment Group, and Deep Checks.
“I’m grateful for the support of our new financial partners,” stated chief executive officer Gavin Schneider, who founded the company alongside Ashton Ostrander and Sean Lacoursiere in 2021.
As part of the financing, Mike Winterfield of Active Impact and Yuan Shi of Nya Planet will join Maia’s Board of Directors.
The capital will support Maia’s next phase of growth, according to a statement, as the Canadian company scales commercial production.
“Maia has had an amazing growth trajectory, and we are making a real impact by putting food first,” Schneider said. “With this funding, we are focused on building Canada’s next great food technology company.”
Maia Farms is currently in the process of expanding its portfolio of commercially available mushroom and mycelium-based ingredients as well as deepening partnerships with food manufacturers and ingredient distributors.
This year, Maia also plans to strengthen its proprietary Fungal Intelligence platform.
Maia “has demonstrated making food ingredients with a fermentation and extrusion based process that can outperform conventional options on cost, nutrition, and taste,” says Winterfield. “We see significant potential for the company to shape the future of global production and consumption.”
The company, according to Mike Wolsfeld of Ag-West Bio, “has proven that they can solve some of the hardest problems in creating scalable, nutrient rich, and great tasting mushroom protein through fermentation.”
“Our growth is the result of deep intention and the perseverance of what a small, committed group of people can do together,” commented Schneider.
In 2024, Maia Farms found success in the Deep Space Food Challenge.
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