Startup News: Private Companies Generating Eco-Friendly Alternatives to Traditional Products
Venture capitalists increasingly seek opportunities to make “green’’ investments in both private and public markets, and these companies fit the bill.
mycoworks.comIndustrial / MaterialsFounded: 2013Funding to Date: $386.69MM
MycoWorks create materials at the intersection of art, nature and biotechnology using mycelium, one of the earth’s most regenerative resources. Their first product, Reishi offers partners in fashion an option for leather that is neither animal nor plastic, yet uncompromising in quality and aesthetic expression. The company was founded in 2013 by Philip Ross and Sophia Wang and is headquartered in San Francisco, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/09/2024 | Series D-5 | $36,272.62 | $xx.xx | $436.23MM | Indiebio, Sosv | |
Price per Share
$xx.xx
Shares Outstanding
46,581
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Indiebio, Sosv
|
||||||
08/09/2024 | Series D-3 | $382,855.74 | $xx.xx | $436.23MM | Indiebio, Sosv | |
Price per Share
$xx.xx
Shares Outstanding
216,854
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Indiebio, Sosv
|
||||||
08/09/2024 | Series D-2 | $6.19MM | $xx.xx | $436.23MM | Indiebio, Sosv | |
Price per Share
$xx.xx
Shares Outstanding
3,292,251
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Indiebio, Sosv
|
||||||
08/09/2024 | Series D-1 | $190.13MM | $xx.xx | $436.23MM | Indiebio, Sosv | |
Price per Share
$xx.xx
Shares Outstanding
93,550,579
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Indiebio, Sosv
|
||||||
10/18/2022 | Series C-2 | $30.88MM | $xx.xx | $517.12MM | Gm Ventures, Sosv | |
Price per Share
$xx.xx
Shares Outstanding
7,091,384
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gm Ventures, Sosv
|
||||||
01/13/2022 | Series C | $95.94MM | $xx.xx | $455.29MM | Dcvc Bio, Mirabaud Lifestyle Impact & Innovation Fund, Novo Holdings, Prime Movers Lab, Sk Networks | |
Price per Share
$xx.xx
Shares Outstanding
24,293,839
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dcvc Bio, Mirabaud Lifestyle Impact & Innovation Fund, Novo Holdings, Prime Movers Lab, Sk Networks
|
||||||
11/17/2020 | Series B-2 | $5MM | $xx.xx | $136.2MM | 8vc, Agfunder, Dcvc Bio, Gruss & Co., Humboldt Fund, John Legend, Natalie Portman, Novo Holdings, Sosv, Tony Fadell, Valor Equity Partners, Wireframe Ventures, WTT Investment Ltd. | |
Price per Share
$xx.xx
Shares Outstanding
3,776,079
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Agfunder, Dcvc Bio, Gruss & Co., Humboldt Fund, John Legend, Natalie Portman, Novo Holdings, Sosv, Tony Fadell, Valor Equity Partners, Wireframe Ventures, WTT Investment Ltd.
|
||||||
11/17/2020 | Series B-1 | $44.4MM | $xx.xx | $136.2MM | 8vc, Agfunder, Dcvc Bio, Gruss & Co., Humboldt Fund, John Legend, Natalie Portman, Novo Holdings, Sosv, Tony Fadell, Valor Equity Partners, Wireframe Ventures, WTT Investment Ltd. | |
Price per Share
$xx.xx
Shares Outstanding
25,148,070
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Agfunder, Dcvc Bio, Gruss & Co., Humboldt Fund, John Legend, Natalie Portman, Novo Holdings, Sosv, Tony Fadell, Valor Equity Partners, Wireframe Ventures, WTT Investment Ltd.
|
||||||
05/08/2019 | Series A-1 | $154,478.89 | $xx.xx | $29.56MM | 8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,180,129
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures
|
||||||
05/08/2019 | Series A-2 | $1.84MM | $xx.xx | $29.56MM | 8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,176,623
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures
|
||||||
05/08/2019 | Series A-3 | $623,858.49 | $xx.xx | $29.56MM | 8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,001,378
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures
|
||||||
05/08/2019 | Series A | $11.12MM | $xx.xx | $29.56MM | 8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures | |
Price per Share
$xx.xx
Shares Outstanding
14,278,592
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Agfunder, Cthulhu Ventures, Dcvc Bio, Future Tech Labs, Novo Holdings, Susa Ventures, Wireframe Ventures
|
Venture capitalists increasingly seek opportunities to make “green’’ investments in both private and public markets, and these companies fit the bill.