MycoWorks

MycoWorks is a biotech startup which produces sustainable products and apparels from fungi.

MycoWorks makes fine leathers from mycelium (mushroom) for applications in luxury fashion, footwear, and beyond.

MycoWorks was founded in 2013 by Sophia Wang and Phil Ross. The company is headquartered in Emeryville, California.

MycoWorks produces weatherproof materials using the fungi "Ganoderma lucidum" and "Pleurotus ostreatus". They use the production method (which is similar to casting) to make furniture, bricks, footwear, and leather.

MycoWorks hs created of Reishi™, an entirely new option for leather made from the company's Fine Mycelium™ technology. A proprietary woven cellular microstructure which emulates the collagen structure in animal leathers, Reishi Fine Mycelium provides brands with the same performance, quality and aesthetics as leather, without the use of animals or plastic's harmful impact on the environment. 

 

MycoWorks currently operates two production facilities and is about to open a third commercial plant with a production capacity of 80,000 square feet of material per year to support the launch of products which have been prototyped and tested with major luxury customers for more than 18 months.

 

MycoWorks is backed by DCVC Bio, Novo Holdings, 8VC, WTT Investment Ltd., Valor Equity Partners, Humboldt Fund, Future Tech Labs, AgFunder, Susa Ventures, Natalie Portman, John Legend and others. The company raised $45M in a Series B round on Nov 17, 2020. This follows a $17M Series A financing raised in Feb 2020. The new investment brings MycoWorks' total funding to $62M to date.

 

 

  • Year founded: 2013
  • Funding Info: $62M over 2 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Emeryville
  • State: California
  • Country: United States
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