3 years ago

Magical Mushroom Company Raises £3 Million for Eco-Friendly Packaging

  • Magical Mushroom Company, a UK-based startup, has secured £3 million in seed funding to expand its eco-friendly packaging solutions

  • The company utilizes a blend of agricultural waste and mushroom mycelium to create biodegradable packaging that is cost-effective and breaks down naturally within 45 days

  • The funding will be used to establish a new production plant in Nottinghamshire, creating jobs and increasing automation at existing facilities

  • The seed round was led by Ecovative Design LLC, with participation from Dale Vince, Robert Del Naja, and Marcus Watson, who brought in 30 investors

  • The company has already partnered with brands like Selfridges, Lush, Seedlip, and ID Watch to implement its sustainable packaging solutions.

      • ProblemManufacturing

      "Plastic and cardboard packaging contribute significantly to environmental problems, and businesses lack cost-effective, eco-friendly alternatives."

      Solution

      "The Magical Mushroom Company uses mycelium (mushroom roots) and agricultural waste to create biodegradable packaging that's cost-competitive and breaks down naturally in 45 days."

      Covered on