# Mycocycle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mycocycle

- Industry: Environmental Services
- Headquarters: Bolingbrook, US
- Website: www.mycocycle.com
- Total disclosed funding: $5.8M
- Latest round: Seed (May 8, 2024)
- Investors on record: 7

## About

Established in 2018 and based in Illinois, US, Mycocycle, Inc. is an environmental services company that eliminates a significant strain on the ecosystem by utilizing the technology that diverts materials from landfills, allowing for reuse into other applications. In 2024, Mycocycle, Inc. raised an undisclosed amount of venture debt funding from JLL Foundation. The company provides develops and licenses a process to minimize waste, create new biobased raw materials, and reduce greenhouse gases using fungi. Mycocycle applies lab-cultivated fungi to shredded waste materials, waste is myceliated on-site at manufacturers, recyclers, and waste management companies, and biomaterial can be rendered for commercial and or industrial use into new products. In addition, the firm is also developing treatment strains around rubber, gypsum byproducts, and ex-situ soil treatments, as well as developing agriculture treatment options for waste stream needs like those of the growing cannabis industry.

The company will use the 2024 funding to support its growth and sustainability efforts.

## Funding rounds

- Seed, May 8, 2024, $3.6M — US Venture Partners, Illinois Department of Commerce and Economic Opportunity, Closed Loop Partners, TELUS Pollinator Fund for Good
- Seed, May 9, 2023, $2.2M — Alumni Ventures Group, Telescopic Ventures, TELUS Pollinator Fund for Good, Anthropocene Ventures
- Seed, Jul 14, 2022 — Alumni Ventures Group, TELUS Pollinator Fund for Good, Anthropocene Ventures

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- TELUS Pollinator Fund for Good (https://capitalatlas.ai/funds/telus-pollinator-fund-for-good) — Seed
- Anthropocene Ventures (https://capitalatlas.ai/funds/anthropocene-ventures) — Seed
- Telescopic Ventures (https://capitalatlas.ai/funds/telescopic-ventures) — Seed
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Seed
- Illinois Department of Commerce and Economic Opportunity — Seed
- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed