Friday October 16, 2015 0 comments
AURORA -- MycoTechnology, an innovative natural food technology company that uses mushrooms to improve the taste of everyday food and drinks, announced it closed on a Series A investment round of $9.2 million.
The round included participation from venture capital firms S2G Ventures, Middleland Capital and Paris-based Seventure Partners.
MycoTechnology said its products and services are based on a foundation of solid science and independent scientific research from Massachusetts-based Brunswick Laboratories.
“Just about everything we do rests on the credibility of the science that underlies our offerings,” said Alan Hahn, MycoTechnology founder and CEO. “Our investment partners know this and the strength of the science delivered by Brunswick Labs has continued to establish this to our scientists, our customers and in this case, our investors.”
MycoTech said it will use the Series A proceeds to expand its team and build a new facility the company will move into in 2017.
Hahn said the company expects to double its staff over the next several months.