Fogo Fungi is a Singapore-based agritech start-up incorporated in May 2023, and founded by SMU alumnus Ryan Ong and two friends. To date, Fogo Fungi has raised about $200,000 from its founders and their family and friends, with an additional $80,000 coming from government grants and entrepreneurship programmes like the SMU Business Innovations Generator. The start-up is in talks to sell its produce to local supermarkets, hotels, cafes, and distributors, and is set to move into a 4,000 sq ft production facility in Tuas by the end of 2023. Fogo Fungi also plans to expand its mushroom line-up from five to 12 varieties by the end of 2024.