Tech Company Financing Transactions
Mycocycle Funding Round
On 5/9/2024, Mycocycle raised $3.6 million in funding from Closed Loop Partners, Telus Pollinator Fund for Good and U.S. Venture Partners.
Transaction Overview
Company Name
Announced On
5/9/2024
Transaction Type
Venture Equity
Amount
$3,600,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds 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.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
505 South Weber Rd 309
Bolingbrook, IL 60490
USA
Bolingbrook, IL 60490
USA
Phone
Website
Email Address
Overview
Mycocycle's process promotes a closed loop supply chain, converting carbon waste to a usable by-product. This cost-effective supply chain solution turns construction and demolition waste that would otherwise be incinerated or piled in landfills into a versatile material. This material is durable enough to replace petroleum-based products such as plastics while being moldable and fire and water-resistant, a truly sustainable solution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joanne Rodriguez
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