About MycoWorks
MycoWorks is a company based in Emeryville (United States) founded in 2013 by Sophia Wang, Eddie Pavlu, and Philip Ross.. MycoWorks has raised $225.3 million across 7 funding rounds from investors including SK Networks, GM Ventures and Prime Movers Lab. MycoWorks operates in a competitive market with competitors including Bolt Threads, Modern Meadow, FairCraft, TomTex and Simplifyber, among others.
- Headquarter Emeryville, United States
- Founders Sophia Wang, Eddie Pavlu, Philip Ross
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Sectors
RetailChemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mycoworks, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$225.3 M (USD)
in 7 rounds
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Latest Funding Round
$37.05 M (USD), Series C
Jun 16, 2023
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Investors
SK Networks
& 19 more
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Employee Count
Employee Count
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Funding Insights of MycoWorks
MycoWorks has successfully raised a total of $225.3M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $37.05 million completed in June 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 7
- Last Round Series C — $37.1M
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First Round
First Round
(15 Oct 2015)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series C - MycoWorks | Valuation |
investors |
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| Oct, 2022 | Amount | Series C - MycoWorks | Valuation | GM Ventures |
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| Jan, 2022 | Amount | Series C - MycoWorks | Valuation | Prime Movers Lab |
| 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 MycoWorks
MycoWorks has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SK Networks, GM Ventures and Prime Movers Lab. 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 funding is provided by General Motors-backed firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity and venture capital fund focused on the healthcare sector
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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 MycoWorks
| 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 - MycoWorks
| 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 |
Mycoworks Comparisons
Competitors of MycoWorks
MycoWorks 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 Bolt Threads, Modern Meadow, FairCraft, TomTex and Simplifyber, 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 |
Mycelium-based leather alternative fabrics are manufactured and provided.
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| domain | founded_year | HQ Location |
Bio-fabricated leather products and accessories are provided online.
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| domain | founded_year | HQ Location |
Lab-grown leather alternatives are developed using cell biology techniques.
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| domain | founded_year | HQ Location |
Biodegradable textiles are developed from seafood shells and mushroom waste.
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| domain | founded_year | HQ Location |
Sustainable cellulose-based fabrics and 3D manufacturing processes are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Mycoworks
Frequently Asked Questions about MycoWorks
When was MycoWorks founded?
MycoWorks was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is MycoWorks located?
MycoWorks is headquartered in Emeryville, United States. It is registered at Emeryville, California, United States.
Who is the current CEO of MycoWorks?
Sophia Wang is the current CEO of MycoWorks. They have also founded this company.
Is MycoWorks a funded company?
MycoWorks is a funded company, having raised a total of $225.3M across 7 funding rounds to date. The company's 1st funding round was a Series C of $126M, raised on Oct 15, 2015.
What does MycoWorks do?
MycoWorks was founded in 2013 and is located in Emeryville, United States. Bio-based materials are developed and produced from mycelium, the root structure of fungi, to serve as alternatives to leather and other conventional materials. Reishi is supplied for use in furniture and automotive interiors. A technology platform is employed to generate non-animal options. Partnerships with designers and manufacturers are formed to embed these materials in product development.
Who are the top competitors of MycoWorks?
MycoWorks's top competitors include Bolt Threads, Modern Meadow and Simplifyber.
Who are MycoWorks's investors?
MycoWorks has 20 investors. Key investors include SK Networks, GM Ventures, Prime Movers Lab, Mirabaud AM, and DCVC.
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