Tech Company Financing Transactions

Magical Mushroom Company Funding Round

On 6/27/2022, Magical Mushroom Company raised $3.2 million in Seed investment from Ecovative Design and private investors.

Transaction Overview

Announced On
6/27/2022
Transaction Type
Venture Equity
Amount
$3,170,000
Round
Seed
Investors

Ecovative Design (Lead Investor) (Thomas Haren)

private investors (Dale Vince)

private investors (Marcus Watson)

private investors (Robert Naja)

Proceeds Purpose
The startup will roll out its first raw material production plant in Beeston, Nottinghamshire with the new funding. The 10,000 square foot raw material plant will be its fourth plant and will allow the company to gain control of its entire packaging manufacturing process, creating up to 15 jobs in the East Midlands.

Company Information

Company Status
Private & Independent
Industry
Environmental
Mailing Address
D6 Sandown Industrial Park Mill Road, Surrey
Esher England, KT10 8BL
UK
Email Address
Overview
Launched in 2019, The Magical Mushroom Company® has grown from start-up to an ambitious scaling business producing hundreds of thousands of pieces of packaging for a huge range of companies across Europe. From the beginning, we've been determined to bring high-volume production capability to sustainable materials. It's only by delivering at volume that we can help rid the world of plastic pollution. Starting with our factory in Esher, adding our Attenborough facility in 2021 and with Sofia added in 2022, we have the capacity to deliver on the packaging needs of the biggest enterprises. Our work is about making a case for modernity and industry. And the only way to do that is to call an end to unnecessary waste and pollution.
Profile
Magical Mushroom Company LinkedIn Company Profile
Social Media
Magical Mushroom Company Company Twitter Account
Company News
Magical Mushroom Company News
Facebook
Magical Mushroom Company on Facebook
YouTube
Magical Mushroom Company on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Paul Gilligan
  Paul Gilligan LinkedIn Profile  Paul Gilligan Twitter Account  Paul Gilligan News  Paul Gilligan on Facebook


 

 

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Prev: 6/27/2022: Populix venture capital transaction
Next: 6/27/2022: Miracle Miles Group venture capital transaction

 

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Where The Data Comes From

We report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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