Tech Company Financing Transactions
Mycel Funding Round
Mycel, based in Gunpo-si, Gyeonggi-do, scored $10 million from Industrial Bank of Korea, Korea Development Bank and Spring Camp.
Transaction Overview
Company Name
Announced On
8/16/2022
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Seed
Investors
Proceeds Purpose
The Seoul-headquartered startup will use this new funding to open a production plant in South Korea for scaling the manufacture of its fungal-based biomaterials and double its headcount to 42 employees, Sah said in an interview with TechCrunch.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
Room 907, LT Sambo Skybiz 2, Nongshim-ro
Gunpo-si, Gyeonggi-do, Undisclosed
KR
Gunpo-si, Gyeonggi-do, Undisclosed
KR
Phone
Undisclosed
Website
Email Address
Overview
Producer of lifestyle products intended to connect to nature. The company's products use fungi from mushrooms to develop new materials to replace leather and film and the project is a collaboration to see the various possibilities of mycelium, enabling people to participate in the circular economy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Seongjin Sa
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