Indonesia’s Mycotech raises US$1.2M to develop eco-friendly leather for fashion industry

Indonesia-based biotechnology company Mycotech Lab has announced the completion of US$1.2 million in pre-Series A funding. The investors are AgFunder, Temasek Lifesciences Accelerator, Fashion for Good, Third Derivative, Lifely VC, and Rumah Group. The capital will be used to build and scale up the production of Mycotech’s Mylea material from its Bandung operation and meet the […] The post Indonesia’s Mycotech raises US$1.2M to develop eco-friendly leather for fashion industry appeared first on e27.