MycoTechnology Lands $9,200,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94ee7264-83c8-40c0-8269-b240aeb9be00
Date
10/16/2015
Company Name
MycoTechnology
Mailing Address
3155 N. Chambers Road Aurora, CO 80011 USA
Company Description
The company’s process utilizes the ability of mushrooms to selectively consume bitter compounds in foods, resulting in better tasting products.
Website
http://www.mycotechcorp.com
Transaction Type
Venture Equity
Transaction Amount
$9,200,000
Transaction Round
Series A
Proceeds Purposes
MycoTech will use the proceeds of the Series A to expand the team and building a new facility with the aim of moving in early 2017. The business is expanding rapidly with plans to nearly double its head count over the next several months, according to company CEO Alan Hahn.
M&A Terms
Venture Investor
Venture Investor
Venture Investor