Mycotech Labs

MYCL creates sustainable, durable, and affordable bio-materials utilizing agro-waste and mycelium for various applications. Their core, patents-granted product is a mycelium-based leather called Mylea™. The material is incredibly customizable and strong, allowing it to be used in a range of applications from shoes, and automotive interiors to building materials. The company is primarily focused on commercial fashion applications and just launched a pilot program with six global brands. Additionally, with $0 of marketing cost, MYCL has a high-quality pipeline with potential sales of up to USD 500 million by supplying 1% of the annual production of 48 companies. With increasing customer demand across Asia, Europe, and the Americas, the company successfully scaled up through a JV partnership in Japan by spending $0 of CAPEX.