MycoWorks, a San Francisco, CA-based biotechnology corporate, won an funding from GM Ventures, the funding arm of Common Motors Co. (NYSE: GM).
The volume of the deal used to be now not disclosed.
The corporate intends to make use of the price range to advance its R&D efforts and construct extra sustainable possible choices for his or her designers.
Based in 2013 by way of Philip Ross and Sophia Wang, and led by way of Matt Scullin, CEO, MycoWorks is a biomaterials corporate devoted to bringing new mycelium fabrics to the arena. Its patented High-quality Mycelium generation, a producing platform and innovation in fabrics science, engineers mycelium all over expansion to shape proprietary, interlocking cell buildings for higher power and sturdiness.
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