Mycocycle offering is now closed and is no longer accepting investments.

Converting Waste Streams into Value

INVEST IN MYCOCYCLE TODAY!

Mycocycle offers a patent-pending process that filters out toxic chemicals from waste to create reusable byproducts. We develop sustainable value streams to reduce waste and help our planet.
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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Mycocycle

REASONS TO INVEST

Reasons Icon

Finalist in “Fast Company’s 2020 World-Changing Ideas,” winner of the 2020 Cleantech Open “Resiliency Challenge” and featured at the EPA America Recycles: Innovation Fair

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The Solid Waste Management Market size was valued at over $1 trillion in 2019

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With less than 15% of landfill space left in the U.S., it’s crucial to invest in solutions that reduce waste

ABOUT

HEADQUARTERS
785 Hartford Lane
Bolingbrook, IL 60440
VALUATION
$7M

Mycocycle offers a patent-pending process that filters out toxic chemicals from waste to create reusable byproducts. We develop sustainable value streams to reduce waste and help our planet.

TEAM

Joanne Rodriguez
Joanne Rodriguez
President, Secretary and Treasurer

Joanne Rodriquez, Founder and CEO, has worked across the construction products industry for 30 years. She is a subject matter expert in sustainable technologies— like zero waste and the circular economy, and she has experience heading diverse teams to unprecedented growth. Leading the sustainability efforts for a major roof manufacturer, Joanne discovered the issue of the unsustainable and growing problems related to disposing construction and demolition materials. A frequent national speaker, she carries a vast network of contacts across manufacturing, architecture and design, government leadership, and sustainability. She has served on boards with the US EPA, the Constructions Specification Institute, the US Green Building Council, and has served as a subject matter expert at coverings of the United Nations, Clinton Global Initiative, ecoAmerica, GreenBiz, and Resilient Cities Summits. Joanne is a Certified Permaculture Designer, a Construction Documents Specialist, holds a Professional Certificate from Cornell University and Climate Change Communications, and is a LEED Accredited Professional through the Us Green Building Council.

Leslie Lopes

Leslie Lopes

Marketing

Leslie Lopes, Marketing, offers over 20 creative years in marketing, branding and graphic design. Fifteen years ago, Leslie started PureMotion Creative, offering full-service solutions specializing in providing comprehensive creative, copy and brand development for markets such as technology, retail, and manufacturing industries. Her passion and understanding of the issues Mycocycle is addressing is unparalleled. Leslie is part-time and gives between 20-25 hours per week dependent on the project. 

Raul Rosas

Raul Rosas

Finance & Operations

Raul Rosas, Finance & Operations, has vast experience in Finance, Entrepreneurship and Accounting. He serves as Entrepreneur in Residence for various organizations and has direct startup experience through his own endeavor: Fluxee. Raul's experience growing and leading companies of all sizes makes him perfectly poised to help lead Mycocycle forward with a sound financial future. Raul is part-time and gives between 20-25 hours per week dependent on the project. 

TERMS

Mycocycle
Overview
PRICE PER SHARE
$1.75
DEADLINE
May 1, 2021
VALUATION
$7M
AMOUNT RAISED
$525,571.13
Breakdown
MIN INVESTMENT
$262.50
MAX INVESTMENT
$106,998.50
MIN NUMBER OF SHARES OFFERED
5,714
OFFERING TYPE
Equity
ASSET TYPE
SHARES OFFERED
Non-Voting Common Stock
MAX NUMBER OF SHARES OFFERED
540,260

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Mycocycle, Inc.

Corporate Address

:

785 Hartford Lane, Bolingbrook, IL 60440

Offering Minimum

:

$9,999.50

Offering Maximum

:

$945,455.00

Minimum Investment Amount

(per investor)

:

$262.50











Terms


Offering Type

:

Equity

Security Name

:

Non-Voting Common Stock

Minimum Number of Shares Offered

:

5,714

Maximum Number of Shares Offered

:

540,260

Price per Share

:

$1.75

Pre-Money Valuation

:

$7,000,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Investment Incentives and Bonuses*

Mycocycle-StartEngine Perks

Early Bird

  • Friends and Family - First 72 hours I 10% bonus shares
  • Early Bird Bonus - Next 7 days I 5% bonus shares

Volume

  • Tier 1 perk - ($500 + perk) Sticker
  • Tier 2 perk - ($1000 + perk 2) Hat
  • Tier 3 perk - ($5,000+ perk 3) Ecobottle
  • Tier 4 perk - ($10,000+ perk 4 + 5% bonus shares) Mycogoods box
  • Tier 5 perk - ($25,000+ 10% bonus shares)

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Mycocycle, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.75/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $175. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.

ALL UPDATES

11.30.21

1 Year Later🍄

08.27.21

TGIFungi! 🍄

Hello All! 

As we move through back to school and the end of summer, I am happy to report that we were named an Industry Disrupter Award finalist at 1871’s 2021 Momentum Awards! This award is presented to a company that has developed or introduced an ingenious, non-traditional, and innovative product or service that has significantly disrupted the industry.


The winner of this award is determined by public vote, so help us win by voting for us before September 1, 2021! (On the platform just "search" Mycocycle)


The 14th Annual  Momentum Awards, 1871’s annual celebration of tech innovation in Chicago, will be presented in a hybrid (in-person and virtual) format on September 23, 2021.  Feel free to join Mycocycle in this celebration!


Thank you for your continued support! Let's show the world how powerful our Common Mycelial Network can be.

Have a great weekend,

Joanne 

07.21.21

Mycocycle updates! 🍄

Hello All! 

I hope your summer has been good, and safe. We have been pretty busy since the close of the round on April 30th, and it was brought to my attention by one of our investors Dan (thank you Dan) that I haven't given an update on our progress lately--so here it goes:

-We’ve hired three people

-Finished equipping the lab

-Started running our first rounds of testing and have added a vast library of cultures based on our proprietary approach

-We have gained an LOI from a major manufacturer to treat their rubber waste

-We were named in “FastCompany” as a 2021 World Changing Idea

-We were a semi-finalist for the Biomimicry Institute’s “Ray of Hope” prize

-We joined the DOE-backed REMADE Institute

-We have submitted one grant to treat polypropylene fibers in face masks and polymers in gloves, and we are writing two more grants (EPA, NSF) to support our development

When we closed the the round we raised over $500K across 600+investors! We are working everyday to add value and drive opportunity for you and Mycocycle.

By now you should have received your tier perks. I have had a few returned due to address issues. If you have NOT received your tier perk, let me know so we can get it to you.

Also, there are about 125 holdouts on starting the secondary investment account. You will help us out enormously by registering for this account. SE has been diligently reaching out on our behalf. It has been our request that all of the investors be consolidated into one account for ease of communications as we grow. We want to make sure we are both timely and compliant in getting all information out to you, our investors. PLEASE, if you have not registered for a secondary account, do so now. You can opt out of funding it. The reason it is happening now, as opposed to the time of your original investment? SE hadn't fully set up that functionality at the start of our campaign.

Thanks to all of you for making this mushroom revolution a reality! Every day we are learning more about the power of fungi and the ability to transform waste to resource. 

**I am attaching a time-lapse of our face mask and glove samples--happening in the lab now. The mycelium LOVE these inputs and now we are poised to solve this growing waste issue by creating reusable mycelium materials.**

Take care and enjoy all that summer has to offer!

Joanne & the Mycocycle team


04.30.21

What's left? 🍄

Coming to the close of this campaign and we know there is more to do. Developing and deploying climate impact technologies is more important now than ever. Literally everyone is investing in it, talking about it, measuring it, and developing it.

Invest today to protect our future...

Closing Thoughts
“Climate change is the world's greatest existential threat. Every scenario that reduces CO2emissions must be pursued.”

- Dr. Rajiv J. Shah, President, The Rockefeller Foundation

04.29.21

What are you waiting on?? 🍄

With only 2 days left to invest I only have 1 question: what’s holding you back?

We have been working hard for all 601 investors, and if we subtracted those investors from the 1000+followers...that means at least 400 of you are watching this opportunity go by.

You’re on the platform for a reason...is it to just watch good opportunity pass you up?

Invest today before it’s too late. 


04.22.21

Progress update 🍄

Hello CMN!

First, thank you all for your support and willingness to create the secondary investment account. I appreciate the understanding and the compliance with our request. If you haven't done so yet, please consider helping us streamline the efforts so we can focus on the business at hand: growing mushrooms and diverting waste streams!

Next, we promised that we would work hard for you--AND WE ARE! With the investments we said we would: expand operations, file final patents, hire personnel, and focus on business development. Here is where we are:


1. We have been awarded our International Trademark and have filed our final patent applications in the US, Canada, and the EU. We are awaiting word on our US Trademarks and are in development on another patentable application.

2. We are almost 100% set up in our Bolingbrook, IL offices! With lags in shipping getting all of our necessary supplies and equipment have been taking longer. I am happy to report, however, that we should be running tests by May.

3. We are OFFICIALLY in the EU via Warsaw, Poland. We have just opened Mycocycle EU! Stay tuned for more exciting news as we expand our research and development efforts in the EU.

4. We have hired an administrative assistant to help with the daily operations, and we have an intern starting June 1. We are completing interviews for Mycological Lab Tech and should have someone in place by May.

5. We have gained an LOI from a major multinational manufacturer! (I saved the best news for last)


As you can see, we made a plan that we are delivering on. 2021 will be a phenomenal year for us. I have an ask of you now...as we are coming to the end of our campaign here on StartEngine please consider sharing the link with your networks so we can finish strong! We would love to gain more investment so we can make more plans through the scaling of our process--revenue plans that is! 

Share the good news about Mycocycle today because it is your support that will continue to grow our network!

Thank you,


Joanne

04.19.21

Secondary account clarification 🍄

Hello SE Investors!

I know there has been a lot of confusion around the initiation of a secondary investment account--I want to clear this up and ask for your support.


1. When we started our campaign on StartEngine we were told all of our investors could be consolidated into a single "custodial" account. As a small, lean startup this was important to us because that meant rather than managing 500+individual investors with updates, StartEngine would manage those updates (we are paying for the service any way).

2. StartEngine, as it turns out, did not have the process in place when we signed up with them. It was a plan in transition that we got caught in the middle of. They are asking all of you to start a secondary investment account as a result. You do NOT have to fund this account. There is an opt out button regarding this.

3. You can decide not to register for a secondary account--your investment will still be secure as well as greatly appreciated!  It is just monumentally easier for us, and for you, to receive correspondences from Mycocycle, Inc. long term. Our attorneys would love the simplicity too.


Thank you in advance for supporting our equity crowdfund! As this is our first raise, we are learning new things every day: from the process, from each or you, and from our business growth. We are PROUD to work hard for you and look forward to growing together.

With Appreciation--

Joanne Rodriguez, CEO, Mycocycle

04.16.21

TGIFungi! 🍄

#fungifriday Nature is amazing! If we pay attention we can learn a lot. #mushrooms #nature #inspiration 

https://www.indiatimes.com/news/india/rare-electric-mushrooms-discovered-in-meghalaya-used-by-locals-as-natural-torches-538289.html

04.09.21

TGIFungi! 🍄

#fungifriday "Just nod if you can hear me..." the beginning of one of the all-time great songs from Pink Floyd, we aren't talking music today we are talking awesome fungi inspired technology! Fraunhofer-Gesellschaft shares a similar to vision to many of us: replacing petroleum-based plastics and hard to recycle composite materials with mycelium. They are using mycelium threads to 3-D print sound absorbing and sound cancelling products. It is a "natural" fit as mycelium offers benefits in acoustic attenuation and insulation. 🍄 #technology #innovation #environment #sustainability #circulareconomy #mycelium #mycology #materials 

https://3dprint.com/277602/fungus-in-your-ears-fraunhofer-3d-prints-mycelium-as-sound-absorber/

04.05.21

Lookie loos...time for action is NOW!

We’ve had over 14K visitors to our campaign and close to 1000 of you watching our progress. WE SEE YOU! If each of you watching invested today it would make a huge impact in how we scale. With less than a month to go, the time is now.

We look forward to welcoming you to the Mycocycle REVOLUTION and becoming a part of the CMN (along with the others for whom we are grateful)!










REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Mycocycle.

$262.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$500.00

Tier 1 perk

($500 + perk)Sticker

$1,000.00

Tier 2 perk

($1000 + perk 2) Hat

$5,000.00

Tier 3 perk

($5,000+ perk 3) Ecobottle

$10,000.00

Tier 4 perk

($10,000+ perk 4 + 5% bonus shares) Mycogoods box

$25,000.00

Tier 5 perk

($25,000+ 10% bonus shares)

JOIN THE DISCUSSION













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HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

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