PRESS RELEASE
We are thrilled to announce the closing of a significant investment round, with a capital increase of € 1.1 million.
The investment, led by Progress Tech Transfer and followed by Riso Gallo, represents an important step for the company, allowing to expand its commercial offering in the design market, and to further strengthen its R&D division.
The investment will support the related growth strategies within the biomaterials sector, as applied to product design and interior architecture segments, while focusing on the expansion of the European market, and confirming the existing research lines operating in the fields of sustainable materials dedicated to responsible fashion, as well as in the food sector for the production of ingredients and foods with high protein values.
“This operation is accomplished after a process of deep exchange and understanding among the parties, and in this sense it represents an even greater value, laying very solid foundations for a future of great prospects. This emerges even more clearly when considering the profiles who participated in the investment round, who are perfectly in line with Mogu’s vision and its overall technological and industrial ambitions. The operation is part of a moment characterised by intense and promising developments, as well as by a constant increase in demand for MOGU in the sector of innovative and sustainable materials, as also supported by the push promoted by European policies, including the new Green Deal.”
Stefano Babbini, CEO of Mogu Srl
