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A $58M round for this European Mycelium startup shows the tech is on the cusp of big things
Infinite Roots (IR), formerly Mushlabs, is a German biotech company which has been plying the furrow of Mycelium, the material coming from fungi which has
In a significant move for both it and what passes for the nascent Mycelium startup sector, IR has now closed a $58 million Series B funding round, making it one of the largest investments in the technology in Europe to date. Dr. Mazen Rizk, Founder and CEO of Infinite Roots, told me the firm was “in a unique position to define a new era of mushroom mycelium-based products.” And only this month Biomaterials company Sqim, formerly known as Mogu SRL, closed a $12 million funding round from CDP Venture Capital and others for its industrial mycelium-based technologies.
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