Mycocycle
Assembly Line
Mycocycle Raises $3.6 Million to Transform Waste into Sustainable Raw Materials with Fungi
Mycocycle, a nature-inspired, woman-owned biotechnology company that uses fungi to transform organic waste into reusable materials, announced an oversubscribed $3.6 million Seed extension. Closed Loop Partners’ Ventures Group led the round with follow-on investment from the TELUS Pollinator Fund for Good and participation from U.S. Venture, Inc. and the Illinois Department of Commerce and Economic Opportunity INVENT Fund.
Mycocycle will use the funding to deepen relationships with existing partners for waste materials, further scale its waste-to-value chain, and make key leadership hires for marketing, technology, and operations teams.