About Mycotech Lab
Mycotech Lab is a company based in Bandung (Indonesia) founded in 2015 by Arekha Bentangan, Adi Reza Nugroho, Ronaldiaz Hartantyo, Annisa Wibi, and Robby Zidna Ilman.. Mycotech Lab has raised $1.2 million across 3 funding rounds from investors including European Union, Fashion For Good and Lifely. Mycotech Lab offers products and services including Mylea™, MYCL™ Composite, and BioBinderlessBoard. Mycotech Lab operates in a competitive market with competitors including Ecovative, Mogu and Biohm, among others.
- Headquarter Bandung, Indonesia
- Founders Arekha Bentangan, Adi Reza Nugroho, Ronaldiaz Hartantyo, Annisa Wibi, Robby Zidna Ilman
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Sectors
Real Estate & Construction
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Email
***********
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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
$1.2 M (USD)
in 3 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Sep 27, 2022
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Investors
European Union
& 7 more
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Employee Count
Employee Count
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Products & Services of Mycotech Lab
Mycotech Lab offers a comprehensive portfolio of products and services, including Mylea™, MYCL™ Composite, and BioBinderlessBoard. 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.
Mushroom-based material mimicking leather for customizable textures.
Mycelium-grown composite for shaped utilities and designs.
Non-adhesive board from mycelium byproducts for architecture.
Funding Insights of Mycotech Lab
Mycotech Lab has successfully raised a total of $1.2M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.2 million completed in September 2022. 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 3
- Last Round Seed — $1.2M
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First Round
First Round
(01 Jun 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Mycotech Lab | Valuation |
investors |
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| Sep, 2018 | Amount | Grant - Mycotech Lab | Valuation |
investors |
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| Jun, 2018 | Amount | Grant - Mycotech Lab | Valuation |
investors |
| 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 Mycotech Lab
Mycotech Lab has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Fashion For Good and Lifely. 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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Venture capital fund focused on ag-tech and food-tech sectors
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Founded Year | Domain | Location | |
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Limited information is provided about TLA's activities.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided for climate tech sectors.
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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 Mycotech Lab
| 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 - Mycotech Lab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Mycotech Lab Comparisons
Competitors of Mycotech Lab
Mycotech Lab 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, Mogu and Biohm, 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 |
Mycelium-based solutions for floor tile production are provided by Mogu.
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| domain | founded_year | HQ Location |
Mycelium-based building materials are manufactured from agricultural waste.
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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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Latest news on Mycotech Lab
Frequently Asked Questions about Mycotech Lab
When was Mycotech Lab founded?
Mycotech Lab was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Mycotech Lab located?
Mycotech Lab is headquartered in Bandung, Indonesia. It is registered at Bandung, West Java, Indonesia.
Who is the current CEO of Mycotech Lab?
Adi Reza Nugroho is the current CEO of Mycotech Lab. They have also founded this company.
Is Mycotech Lab a funded company?
Mycotech Lab is a funded company, having raised a total of $1.2M across 3 funding rounds to date. The company's 1st funding round was a Grant of $58.34K, raised on Jun 01, 2018.
What does Mycotech Lab do?
Mycotech Lab was established in 2015 in Bandung, Indonesia, within the biotechnology and materials sector. Composite materials derived from mycelium are produced, emphasizing fungal-based alternatives to traditional synthetics. Operations involve research and manufacturing processes tailored to eco-friendly composites. The company is co-founded by Adi Reza Nugroho as CEO, alongside Arekha Bentangan, Ronaldiaz Hartantyo, Annisa Wibi, and Robby Zidna Ilman. Activities are based in Indonesia, targeting applications in packaging and construction.
Who are the top competitors of Mycotech Lab?
What products or services does Mycotech Lab offer?
Mycotech Lab offers Mylea™, MYCL™ Composite, and BioBinderlessBoard.
Who are Mycotech Lab's investors?
Mycotech Lab has 8 investors. Key investors include European Union, Fashion For Good, Lifely, AgFunder, and TLA.