Mycelium

Odyssey, a mushroom-based functional energy beverage maker, raised another $6 million in an equity investment to give it $14 million in total funding since launching its first drink two years ago. Odyssey’s products tap into the health benefits of Lion’s Mane and Cordyceps mushrooms to produce a drink that combines an energy boost with 2,750 milligrams of the mushrooms to provide cognitive clarity and focus. Lion’s Mane, in particular, was shown to positively impact cognitive function and mood…

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),…

Global plastic waste has more than doubled, and 40 percent of that waste comes from packaging. Luckily there are no shortage of sustainable packaging startups in Europe. Just take a look: Circleback (Germany), Recup (Germany), Sourceful (UK), one • five (Germany), Shellworks (UK), Woola (Estonia), Papkot (France), Biotic (Israel), FunCell (France) and Traceless (Germany). The latest to join those ranks is Magical Mushroom Company (MMC). It’s now raised a £3m Seed round led by Ecovative Design LLC with participation…