MAGICAL MUSHROOM COMPANY RAISE £3 MILLION WITH THE HELP OF ADOREUM

We are delighted to have been featured in Tech Funding News’ article reporting on our portfolio company, Magical Mushroom Company, and their latest £3 million raise which we introduced 30 investors to.

Some snippets from the article:

‘A sustainable packaging startup from London, Magical Mushroom Company, has grabbed £3 million in seed funding. The investment round was led by Ecovative Design LLC with participation by Dale Vince, founder of Ecotricity – the world’s first green energy company; Robert Del Naja, the renowned activist – artist and musician; and Marcus Watson – an co-founder of Adoreum Partners, who brought in 30 investors.

Paul Gilligan, CEO & founder at Magical Mushroom Company, said: “We have just eight years to meet the UN’s Sustainable Development Goals and businesses have a crucial role to play – but they need viable and cost-effective solutions that significantly reduce the carbon footprint across their entire supply chain. We’re proud to be creating value from waste and unlocking the potential of mycelium – a resource that has been untapped to date. We’re delighted to have the support of a brilliant group of investors who have a wealth of experience in driving sustainable change and share our vision for the future of packaging solutions. The magic of mushrooms is only just being realised and we can’t wait to make it mainstream.”

Article source: https://techfundingnews.com/sustainable-packaging-startup-magical-mushroom-nabs-3m-to-open-raw-material-production-plant/

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