Petroleum- and animal-derived materials create toxicity, waste and end-of-life challenges across consumer and industrial products.
R&D Focus
Mycelium biomaterials, biofabrication, circular materials and biomass regeneration.
Innovative Solution
Cultivates mycelium into formed, biodegradable materials and converts residual biomass into regenerative inputs for soil and cosmetic uses.
Solution Effectiveness
The company describes its material system as 100% bio-based, 100% biodegradable and zero-waste; these are company claims.
Investment Funding
Last Funding Stage
Series A
Total Funding Amount
19.41M
Last Funding Amount
18.58M
Last Funding Date
15-07-2022
Startup Stage
Early Stage
Lead Investors
Stone Bridge Ventures, Hyundai Motor Group, Kia Motors, Industrial Bank of Korea, GS Ventures
About
MYCEL, a spin-off startup from Hyundai & KIA Motor Group, is a South Korea-based mycelium powered platform that bridges bio-tech, advanced material science with next generation materials cultivated by mycelium through a fully controlled fermentation.
Products
Product
LSSC MAT, CELMURE and PCLM mycelium-based material systems.
Star Product
LSSC MAT – the company’s pure-mycelium base material platform.
Demo Product or Complete Product?
B2B material platform with named product families and customer-driven development; food-protein commercialization was not evident.
Future Plan
Market Expansion
Targets scalable industrial material applications rather than primarily food protein.
Something missing or incorrect on this page? Help us enrich this information
