fillers, foams and other products that can be put back into the supply chain. The bioremediation process helps to decarbonize the supply chain.With a recent oversubscribed round of $3.6 million, the company has raised a total of $7.3 million, including investors from Closed Loop Partners' Ventures Group, TELUS Pollinator Fund for Good, US Venture, Inc., and the Illinois Department of Commerce and Economic Opportunity INVENT Fund.
"After speaking with citizen scientists and trailblazing mycologists, all passionate about fungi's untapped potential to help us improve societal and ecological health, I knew I was on the right track," said Rodriguez."From there, I combined old shingles and fungal spores in a bucket, filed a patent right away, and started my journey toward founding Mycocycle."
Mycocycle uses fungi as the tech to break down and detoxify the waste materials and produces harvestable raw materials that can be used in products such as industrial fillers, fibers or foams. “We make an environment in which they can thrive and then get out of their way—it’s as basic as brewing beer — we’re just making a strange brew,” added Rodriguez.globally. Rodriguez says that means there is a massive market for the company. “The tide is turning toward accepting and acting on sustainability. We’re already working with some of the biggest construction, industrial and manufacturing companies to create a true waste-to-value chain in a circular economy.
“Our project, similar to Mycocycle, involved using fungi to eat waste for a larger purpose,” said Abraham. “However, instead of repurposing the waste into raw materials, our project focused on using our knowledge of the overlooked nutrients found in these waste materials to manipulate the fungi’s nutritional composition.”
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