Tech Company Financing Transactions
Mycocycle Funding Round
Mycocycle, based in Bolingbrook, secured $2.2 million from Anthropocene Ventures, Alumni Ventures and Telescopic Ventures.
Transaction Overview
Company Name
Announced On
5/10/2023
Transaction Type
Venture Equity
Amount
$2,200,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand its team with five new roles, including vice president of research and innovation and vice president of operations and product development, establish a model pilot facility, develop its decentralized treatment container, and validate reuse of its biobased byproduct.
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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