Closed Loop Partners
Assembly Line
Mycocycle Raises $3.6 Million to Transform Waste into Sustainable Raw Materials with Fungi
Mycocycle, a nature-inspired, woman-owned biotechnology company that uses fungi to transform organic waste into reusable materials, announced an oversubscribed $3.6 million Seed extension. Closed Loop Partners’ Ventures Group led the round with follow-on investment from the TELUS Pollinator Fund for Good and participation from U.S. Venture, Inc. and the Illinois Department of Commerce and Economic Opportunity INVENT Fund.
Mycocycle will use the funding to deepen relationships with existing partners for waste materials, further scale its waste-to-value chain, and make key leadership hires for marketing, technology, and operations teams.
Apkudo Secures $37.5 Million in Series C Funding, Accelerating Growth of its Circular Industry Platform for Connected Devices
Apkudo, the leader in supply chain automation for connected devices, announced today that they have closed $37.5 million in Series C funding in an oversubscribed round co-led by Closed Loop Partners’ Leadership Fund and Piper Sandler Merchant Banking with the participation from new and existing investors including MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures, and Point Field Partners. During 2022, Apkudo continued its rapid growth and doubled revenue as industry players increasingly looked for ways to simplify and optimize their forward and reverse logistics for connected devices like mobile phones, tablets, laptops, wearables and other products. The company will use the funds to further expand their commercial and technical operations, as well as their international presence.