Mogu Srl has successfully secured €11 million in Series A financing to advance its innovative mycelium-based materials platform, positioning itself for significant growth in the sustainable products market.
Target Company Overview
Mogu Srl, based in Italy, is a pioneering company in the EU focused on innovative materials. The company transforms low-value agro-industrial by-products into functional and high-value products. Recently, Mogu Srl has secured support from prominent investors including CDP Venture Capital, the European Circular Bioeconomy Fund (ECBF VC), Kering Ventures, and Progress Tech Transfer in a successful Series A funding round amounting to 11 million euros.
This funding round is a significant milestone for the Italian company, which has demonstrated continuous technological advancement and successful expansion since its inception. With a growing reputation and a distinguished client base both nationally and internationally, Mogu Srl is set to enhance its industrial scale through the investment.
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Industry Overview in Italy
Italy's materials innovation industry has been growing progressively with a focus on sustainability and circular economy practices. This sector leverages local resources and agricultural by-products, aligning
Similar Deals
CDP Venture Capital, European Circular Bioeconomy Fund (ECBF VC), Kering Ventures, Progress Tech Transfer
invested in
Mogu Srl (SQIM)
in 2024
in a Series A deal
Disclosed details
Transaction Size: $11M