Why AgFunder chose to invest in MycoWorks
AgFunder is one of the world’s most impactful venture capital firms in the food and agriculture industry, and a key investor within biomaterials. Their mission is to solve some of the world’s biggest challenges by investing in companies that harness biology in unique ways. We’re proud to announce AgFunder’s participation in MycoWorks’ $17m Series A financing round, led by DCVC Bio.
“As MycoWorks scales, we believe they can ultimately bring their costs down to outcompete animal leather and provide a convincing alternative to petroleum-based leather whose microplastics are polluting soil and oceans,” says Rob Leclerc, founding partner at AgFunder, “Today they can meet the standards of leather, but as they continue to improve, it may be possible to create a material that has multivariate superiority over leather.”