About MadeRight
MadeRight is a company based in Kiryat Shmona (Israel) founded in 2022 by Yotam David and Rotem Cahanovitc.. MadeRight has raised $2 million across 1 funding round from investors including Fresh Start, Arkin Holdings and Arc Impact. MadeRight offers products and services including Fungi-Based Packaging Materials. MadeRight operates in a competitive market with competitors including Ecovative, Mushroom Material, Maderight, Roha and Grown, among others.
- Headquarter Kiryat Shmona, Israel
- Founders Yotam David, Rotem Cahanovitc
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Aug 24, 2023
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Investors
Fresh Start
& 2 more
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Employee Count
Employee Count
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Products & Services of MadeRight
MadeRight offers a comprehensive portfolio of products and services, including Fungi-Based Packaging Materials. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Materials grown from fungi on waste for eco-friendly packaging replacements.
Funding Insights of MadeRight
MadeRight has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.0M
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First Round
First Round
(24 Aug 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Seed - MadeRight | Valuation | Fresh Start , Arkin Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MadeRight
MadeRight has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Fresh Start, Arkin Holdings and Arc Impact. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fresh Start is recognized as a global Foodtech incubator.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MadeRight
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MadeRight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Maderight Comparisons
Competitors of MadeRight
MadeRight operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ecovative, Mushroom Material, Maderight, Roha and Grown, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainable biodegradable materials are developed using mycelium technology.
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| domain | founded_year | HQ Location |
Manufacturer of sustainable packaging products
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| domain | founded_year | HQ Location |
Serves as a manufacturer of fashion apparel.
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| domain | founded_year | HQ Location |
Biodegradable packaging is developed from agricultural residues using mycelium.
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| domain | founded_year | HQ Location |
Mycelium-based packaging products are developed and supplied as sustainable alternatives.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MadeRight
When was MadeRight founded?
MadeRight was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is MadeRight located?
MadeRight is headquartered in Kiryat Shmona, Israel. It is registered at Kiryat Shmona, Northern District, Israel.
Who is the current CEO of MadeRight?
Rotem Cahanovitc is the current CEO of MadeRight. They have also founded this company.
Is MadeRight a funded company?
MadeRight is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Aug 24, 2023.
What does MadeRight do?
MadeRight was founded in 2022 in Kiryat Shmona, Israel, within the sustainable materials sector. Fungi-based materials are produced from mycelium and organic waste through a farming process that grows fungi into biodegradable forms. Packaging components are manufactured, along with ecological alternatives to leather and plastic. Operations focus on renewable solutions for packaging applications.
Who are the top competitors of MadeRight?
MadeRight's top competitors include Ecovative, Mushroom Material and Roha.
What products or services does MadeRight offer?
MadeRight offers Fungi-Based Packaging Materials.
Who are MadeRight's investors?
MadeRight has 3 investors. Key investors include Fresh Start, Arkin Holdings, and Arc Impact.