Fortyone invests in biotech start-up MycoSolutions
MycoSolutions AG, a spin-off of Empa in St. Gallen, will receive a new major shareholder through a second round of financing. The funds for the international expansion come from Fortyone AG, a group of successful Eastern Swiss entrepreneurs.
MycoSolutions is currently growing in new business areas such as tree care, groundcare treatment, gardening and landscaping as well as processed wood with high-quality products made from Trichoderma microorganisms. In addition to Swisscom Ventures, the company has now also been able to convince the new investor Fortyone of its innovative and growth potential.
Founder of the start-up Prof. Dr. Francis Schwarze, head of the “Bio-engineered Wood” division of Empa St. Gallen’s “Applied Wood Materials” Department, is pleased with the new boost of growth: “With investors who believe in our idea and strive for long-term support, we can continue to research interesting, environmentally friendly products as a non-listed company.”
These promising biotech products based on fungi from nature, which are currently being developed, also include marble wood, Mycowood tonewood for instrument manufacture and melanin production for organic semiconductors or biological sunscreen.