# Mushroom Material funding: rounds and investors

> Mushroom Material has raised $5.1M across 1 round since 2024. Investors include Techstars, Callaghan Innovation and Wavemaker Partners.

Source: https://millionrounds.com/company/mushroom-material (Millionrounds; every figure on the page links to its filing or article)

New Zealand · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Mushroom Material*

One round we have observed, with the 6 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$5.1M** raised across 1 round since 2024, from 1 source

- **Latest round:** Seed, $5.1M Aug 2024
- **Investors:** 6

See who backed them

## The rounds

- **Aug 2024** Seed **$5.1M** [Techstars](https://millionrounds.com/fund/techstars) [Callaghan Innovation](https://millionrounds.com/fund/callaghan-innovation) [Wavemaker Partners](https://millionrounds.com/fund/wavemaker-partners-3) [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [Seeds Capital](https://millionrounds.com/fund/seeds-capital) [K1W1](https://millionrounds.com/fund/k1w1) Source recorded

## Founders and team

From Mushroom Material's own website: 3 on the team.

- **Shaun Seaman** CEO
- **Jotinder Singh** COO
- **Paul Guinibert** CTO

## Everyone who backed them

[Techstars](https://millionrounds.com/fund/techstars) VC firm **1** round

[Callaghan Innovation](https://millionrounds.com/fund/callaghan-innovation) Investment firm **1** round

[Wavemaker Partners](https://millionrounds.com/fund/wavemaker-partners-3) VC firm **1** round

[Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) VC firm **1** round

[Seeds Capital](https://millionrounds.com/fund/seeds-capital) VC firm **1** round

[K1W1](https://millionrounds.com/fund/k1w1) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mushroom-material).

## Also claim to have backed them

This firm lists Mushroom Material as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[EcotoneGrowth Ventures](https://millionrounds.com/fund/ecotonegrowth-ventures) VC firm Per its own site

## Quick answers about Mushroom Material

### Who invested in Mushroom Material?

Mushroom Material's investors include Techstars, Callaghan Innovation, Wavemaker Partners, Icehouse Ventures and Seeds Capital, and 1 more on record.

### How much has Mushroom Material raised?

Mushroom Material has raised $5.1M across 1 round since 2024.

### When did Mushroom Material last raise?

Mushroom Material's most recent round was a Seed of $5.1M in Aug 2024.

### What was Mushroom Material's biggest round?

Its most recent round, $5.1M in Aug 2024, is also its largest on record.

### Who backed Mushroom Material first?

Mushroom Material's first round on record, in Aug 2024, was backed by Techstars, Callaghan Innovation and Wavemaker Partners and 3 others.

### What stage is Mushroom Material at?

Mushroom Material's latest named round is a Seed, in Aug 2024.

### Where is Mushroom Material based?

Mushroom Material is based in New Zealand.

## Companies like Mushroom Material

In the same sector, and raised in the last eighteen months.

[**Linca** $2.9M · Jul 2026](https://millionrounds.com/company/linca)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Phononic Vibes** $6.2M · Oct 2026](https://millionrounds.com/company/phononic-vibes)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Esa** $7.3M · Oct 2026](https://millionrounds.com/company/esa)

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