A $58M round for this European Mycelium startup shows the tech is on the cusp of big things
Infinite Roots (IR), formerly Mushlabs, is a German biotech company which has been plying the furrow of Mycelium, the material coming from fungi which has been hailed as something of an answer to everything from food to building materials. In a significant move for both it and what passes for the nascent Mycelium startup sector, IR has now closed a $58 million Series B funding round, making it one of the largest investments in the technology in Europe to date.
The round was led by Dr. Hans Riegel Holding (HRH),…