# SQIM

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

- Industry: Materials
- Headquarters: Varese, Italy
- Website: www.sqim.bio
- Total disclosed funding: $12M
- Latest round: Series A (Jan 9, 2024)
- Investors on record: 4

## About

Established in 2015 and based in Varese, Italy, SQIM operates as a manufacturing company that develops and produces biomaterials based on mycelium technology. In January 2024, Mogu S.r.l. raised EUR 11 million in series A funding co-led by ECBF and CDP Venture Capital, with participation from Kering. Returning investor Progress Tech Transfer also participated in the round.

The company's flagship products include Mogu Acoustic Panels and Mogu Floor. The acoustic panels, featuring sound absorption properties, are crafted entirely from fungal mycelium and upcycled textile residues. Mogu floor offers bio-based resilient tiles and rolls derived from agro-industrial residues. The company uses bio-based resin, incorporating low-value biomasses, ensuring a circular approach to interior design. 

The company plans to use the funding to advance its R&D projects, scale up its operations, and construct a new production plant.

## Funding rounds

- Series A, Jan 9, 2024, $12M — CDP Venture Capital, Kering, ECBF, MITO Tech Transfer

## Investors

- CDP Venture Capital (https://capitalatlas.ai/funds/cdp-venture-capital) — Series A
- Kering — Series A
- ECBF (https://capitalatlas.ai/funds/ecbf) — Series A
- MITO Tech Transfer (https://capitalatlas.ai/funds/mito-tech-transfer) — Series A