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Industries
Industrial & Manufacturing
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$181.9M
Headquarters
Emeryville, California
Founded
2013
MycoWorks produces a leather alternative called Reishi™, made from mycelium, which is a part of fungus. This material is designed to be sustainable and is appealing to fashion brands and designers seeking eco-friendly options. Reishi™ has already been used in luxury products, such as handbags and hats. The company has recently expanded its operations by opening a large facility in South Carolina, which is the first commercial-scale plant dedicated to producing Fine Mycelium™. This expansion reflects MycoWorks' commitment to meeting the increasing demand for sustainable materials in the fashion industry. Unlike traditional leather, Reishi™ offers a more environmentally friendly choice without compromising on quality. MycoWorks aims to capture a significant share of the growing leather goods market, which is projected to reach over $720 billion by 2030.
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Total Funding
$181.9M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Health Insurance
Dental Insurance
Vision Insurance
Equity
401(k) Retirement Plan
FSA Accounts
Paid Parental Leave
Paid Holidays
Unlimited Paid Time Off
Biotechnology company MycoWorks has joined forces with Paris-based design agency Paragone to launch the exclusive Mycelium Muse collection.
[Disclosure: AgFunderNews’ parent co AgFunder is an investor in MycoWorks.]. General Motors has unveiled a concept car—the ‘SOLLEI’ convertible electric vehicle—featuring MycoWorks’ ‘Fine Mycelium’ bio-based materials in the interior. The luxury convertible includes MycoWorks’ biomaterials in the charging mats on the console, the door map pockets, and custom accessories, says the startup, which secured an undisclosed investment from GM Ventures—General Motors’ venture arm—in August 2022
"I see an immense opportunity to grow the future of luxury with Reishi™. Having worked in this industry for twenty years, it's not often that one is able to have a hand in creating a new experience in art and design like the one we are building at MycoWorks," said Ginevra Boralevi on her new position as Director Communications at MycoWorks. "I am excited to bring my experience in the luxury sector to raise the awareness of a new material of excellence: natural, precious, unique —and good for the planet."Crafted from the intricate roots of mycelium, Reishi™ is a revolutionary textile material, unparalleled in its versatility and uniqueness. Reishi™ is not a replacement to leather, but a new material option for art and design to create with. It carries the legacy of nature's craftsmanship, seamlessly intertwining art with sustainability."My goal has always been that of our founders: to make the invisible visible," said Xavier Gallego, MycoWorks' VP of Marketing and Creative Director. "With Ginevra joining the executive team, the world of art and design can re-discover the unique expressions of Reishi™ and uncover new aesthetics with our precious natural mycelium material."Since September of 2022, MycoWorks' Paris office on Rue de la Paix, where Ginevra is based with the company's communications and product teams, is focused on providing dedicated support to their existing luxury partners, and collaborating with European designers, artists, brands and leather experts on projects Made with Reishi™
Fungi and fungal technologies show great potential for creating sustainable solutions in various fields, including food, materials such as leather, and medicine. However, the foundational scientific knowledge and tools required for these applications are not as advanced, leading to a lack of awareness about the benefits of fungi. But Open Fung, a new initiative dedicated to advancing fungi, has officially launched with a mission to build collective resources to facilitate innovative ways of working with these creatures that are not plants or animals. “We envision a future where humans engage with fungi so life and the planet may flourish,” says the future non-profit on its newly launched website
Key players in the production of mycelium leather includeMycoWorks, California, producer of materials including Reishi. Bolt Threads, California, producer of materials including Mylo. Ecovative, New York, operates several platforms including a specialized soft goods division called Forager which creates materials from its AirMycelium™ technology
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Industries
Industrial & Manufacturing
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$181.9M
Headquarters
Emeryville, California
Founded
2013
Find jobs on Simplify and start your career today