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Tech & Innovation
5 mins to read

Mushroom Material raises $8.5m to build Auckland pilot plant

The startup has developed a fungi-based material as an alternative to styrofoam and cardboard packaging.

WATCH: NBR's Fiona Rotherham speaks with Mushroom Material's Shaun Seaman.

Fiona Rotherham Tue, 06 Aug 2024

Mushroom Material, an Auckland-based startup aiming to replace styrofoam with pelletised fungi packaging, has raised $8.5 million in seed funding.

The seed round was led by Singaporean investors Wavemaker Partners and SEEDS Capital (the investment arm of government-owned Enterprise Singapore). It

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Fiona Rotherham Tue, 06 Aug 2024
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Mushroom Material Shaun Seaman sustainable packaging Wavemaker Partners Icehouse Ventures
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