MadeRight Overview
MadeRight develops sustainable materials from fungi. The company's holistic approach brings together fungi and organic waste to create biodegradable materials, the first of which will be a sustainable alternative to plastic that is suitable for rigid packaging. MadeRight's technology aims to use renewable resources and eliminate waste, and its use of organic waste to feed the fungi will keep production competitive by reducing both expenses and material costs. MadeRight is focused on creating cheap, safe, and sustainable packaging materials that will serve their function and then biodegrade seamlessly back into the ecosystem.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
MadeRight is harnessing fungi to create sustainable food packaging | CTech
MadeRight, a company harnessing fungi to create sustainable food packaging, has raised $2 million in funding. The company aims to replace plastic additives in packaging with sustainable fungi-based materials to improve recyclability. The global food packaging market is valued at $350 billion with an annual growth rate of 5-6%. MadeRights founders, Rotem Cahanovitch and Yotam David, bring expertise in mycology and molecular genetics to drive sustainable packaging innovation. The funding will be used to expand the development team, refine the production process, and support marketing efforts. MadeRight is aiming to have a commercially applicable prototype by the end of 2024.
InvestmentExpand
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $2M |
| Last funding | $2M |
| Stage | Pre-Seed |
| Rounds | 1 |
| Investors | 3 |
Team Members
3
Employees: 1-10
Web & Social Links
| Website | www.maderight.co |
Locations
Ness Ziona, Israel
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