MycoWorks Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 198

Employees

  • Latest Deal Type
  • Series D

  • Latest Deal Amount
  • $37.1M

  • Investors
  • 32

MycoWorks General Information

Description

Manufacturer of mycelium products intended to offer natural alternatives to plastic foams, textiles and leather. The company's products are made from bio-materials using fungal mycelium to create lower energy and biodegradable alternatives to plastic foams, synthetic textiles, engineered woods and leather for use in aerospace, automobiles, apparel and architectural interiors, thereby enabling clients to get new kinds of leather grown rapidly from mycelium and agricultural byproducts in a carbon-negative process easily.

Contact Information

Website
www.mycoworks.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1300 64th Street
  • Emeryville, CA 94608
  • United States
+1 (510)
Primary Industry
Synthetic Textiles
Other Industries
Other Textiles
Vertical(s)
CleanTech, LOHAS & Wellness, Manufacturing, Climate Tech
Corporate Office
  • 1300 64th Street
  • Emeryville, CA 94608
  • United States
+1 (510)

MycoWorks Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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MycoWorks Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC (Series D) 09-Jul-2024 $37.1M Completed Generating Revenue
9. Later Stage VC (Series C2) 03-Oct-2022 Completed Generating Revenue
8. Later Stage VC (Series C) 01-Mar-2022 Completed Generating Revenue
7. Later Stage VC 11-May-2021 Completed Generating Revenue
6. Later Stage VC (Series B) 13-Oct-2020 Completed Generating Revenue
5. Debt - PPP 28-Apr-2020 Completed Generating Revenue
4. Later Stage VC (Series A) 25-Feb-2020 Completed Generating Revenue
3. Debt - General 25-May-2019 Completed Product In Beta Test
2. Accelerator/Incubator 22-Feb-2016 $200K $200K Completed Startup
1. Accelerator/Incubator Completed Startup
To view MycoWorks’s complete valuation and funding history, request access »

MycoWorks Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series D5
Series D3
Series D2
Series D1
Series C2
Series C
Series B2
Series B1
Series A3 1,001,378 $0.001000 $0.04 $0.62 $0.62 1x $0.62 0.48%
Series A2 4,176,623 $0.001000 $0.03 $0.44 $0.44 1x $0.44 2.02%
To view MycoWorks’s complete cap table history, request access »

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MycoWorks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of mycelium products intended to offer natural alternatives to plastic foams, textiles and leather. The com
Synthetic Textiles
Emeryville, CA
198 As of 2023

Emeryville, CA
 

Ann Arbor, MI
 
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MycoWorks Competitors (6)

One of MycoWorks’s 6 competitors is Bolt Threads, a Formerly VC-backed company based in Emeryville, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bolt Threads Formerly VC-backed Emeryville, CA
Kraig Biocraft Laboratories Corporation Ann Arbor, MI
Ananas Anam Venture Capital-Backed London, United Kingdom
Lingrove Venture Capital-Backed San Rafael, CA
Ecovative Venture Capital-Backed New York, NY
To view MycoWorks’s complete competitors history, request access »

MycoWorks Patents

  • 78

    Total Documents Applications and Grants

  • Total Patents Families

  • 34

    Granted

  • 29

    Pending

  • Expiring in next 12 mo

MycoWorks Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240318380-A1 Mycelial leather replacement compositions with improved affinity to anionic aqueous chemistry Pending 20-Mar-2023
US-20240075706-A1 Durable mycelium bonding Pending 01-Sep-2022
US-20230146699-A1 Edta system for reducing browning in mycohide materials Inactive 08-Nov-2021
US-20230016412-A1 Mycomaterial processing in liquid medium Pending 16-Jul-2021
CA-3222515-A1 Improvements to mycomaterial processing in liquid medium Pending 16-Jul-2021 C12N1/14
To view MycoWorks’s complete patent history, request access »

MycoWorks Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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MycoWorks Investors (32)

Investor Name Investor Type Holding Investor Since Participating Rounds
ATEL Capital Group Asset Manager Minority
Build Collective Venture Capital Minority
Crentech Gamma Corporation Minority
GM Ventures Corporate Venture Capital Minority
Decarbonization Partners Venture Capital Minority
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MycoWorks FAQs

  • When was MycoWorks founded?

    MycoWorks was founded in 2013.

  • Where is MycoWorks headquartered?

    MycoWorks is headquartered in Emeryville, CA.

  • What is the size of MycoWorks?

    MycoWorks has 198 total employees.

  • What industry is MycoWorks in?

    MycoWorks’s primary industry is Synthetic Textiles.

  • Is MycoWorks a private or public company?

    MycoWorks is a Private company.

  • What is the current valuation of MycoWorks?

    The current valuation of MycoWorks is .

  • What is MycoWorks’s current revenue?

    The current revenue for MycoWorks is .

  • How much funding has MycoWorks raised over time?

    MycoWorks has raised $352M.

  • Who are MycoWorks’s investors?

    ATEL Capital Group, Build Collective, Crentech Gamma, GM Ventures, and Decarbonization Partners are 5 of 32 investors who have invested in MycoWorks.

  • Who are MycoWorks’s competitors?

    Bolt Threads, Kraig Biocraft Laboratories, Ananas Anam, Lingrove, and Ecovative are some of the 6 competitors of MycoWorks.

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