Mycoworks
Mycoworks Raises $187M in Series C
Quick Facts
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.
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