Mycocycle Named to Startup Chicago Inaugural Class of Companies

Mycocycle_processed asphalt — By using mushrooms to break down the harmful chemicals in asphalt roofing, as seen here with these fully myceliated jars of asphalt shingles (the white substance with the mushrooms), Mycocycle wants to help companies reduce asphalt waste. Photos courtesy of Mycocycle.

BOLINGBROOK, Ill. — Mycocycle Inc. was named to the inaugural class of companies for Startup Chicago. Startup Chicago is a new startup growth program recently announced by Mayor Lori E. Lightfoot, and developed by ChicagoNEXT and World Business Chicago to drive national venture capital (VC) investment for Chicago entrepreneurs.

"It is an honor to be highlighted as one of the most promising startups based in Chicago," said Joanne Rodriguez, Mycocycle CEO. "We are excited about the opportunity to extend our reach while supporting economic development within our region."

The initial startup database features over 100 local startup companies who are preparing for their next round of investments. The program's goal is to connect regional and national venture capital firms and investors to explore investment opportunities in Chicago.

"As part of Startup Chicago, Mycocycle will benefit from the outreach and promotion including regional and national showcases that will allow the company to pitch directly to VC firms and investors outside of the state of Illinois," said Rodriguez.

Investors interested in exploring the official Startup Chicago database and learning more about exclusive virtual events can visit www.StartupChicago.net. Startup Chicago is supported by lead sponsor J.P. Morgan and William Blair, and sponsors Silicon Valley Bank (SVB) and the Toronto Stock Exchange & TSX Venture Exchange.