Mycoworks Raises $187M in Series C

Mycoworks has successfully raised $187M in a Series C at a $850M valuation led by Natalie Portman, John Legend, Breakout Ventures, Prime Movers Lab, Thrive Capital.

Company Overview

Mycoworks is a Materials company headquartered in 2301 Ninth Street, Emeryville, CA 94608, founded in 2013 with 150+ employees.

Mycelium-based leather alternative

Fundraising Details

Amount Raised: $187M
Round Type: Series C
Valuation: $850M
Date: 2024-05-14
Investors: Natalie Portman, John Legend, Breakout Ventures, Prime Movers Lab, Thrive Capital

About Mycoworks

Mycelium-based leather alternative The company is positioned in the Materials sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 2301 Ninth Street, Emeryville, CA 94608
Founded: 2013
Team Size: 150+
Industry: Materials

What This Means

This funding round demonstrates strong investor confidence in Mycoworks's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Materials sector continues to attract significant investment as companies innovate to meet evolving market demands. Mycoworks's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $850M valuation marks an important milestone for Mycoworks, positioning the company among notable players in the Materials industry.

Looking Ahead

With this new capital, Mycoworks is well-positioned to execute on its growth strategy and continue building innovative solutions in the Materials space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-14. For more information about Mycoworks, visit their headquarters at 2301 Ninth Street, Emeryville, CA 94608.