Company Overview
Snapshot
Founded in March 2021 by Rotem Cahanovitc and Yotam David, MadeRight operates with 1–10 employees. The company has raised $2 million across one funding round from 3 investors. In August 2023, MadeRight secured pre-seed funding to advance its fungi-based biomaterials for sustainable packaging.
Business overview
MadeRight is an Agriculture & Food Technologies company focused on developing sustainable materials from fungi. The company's core technology integrates fungi with organic waste to produce biodegradable materials, with an initial focus on creating a sustainable alternative to plastic for rigid packaging. MadeRight aims to reduce reliance on fossil-derived plastics and petrochemical additives by utilizing renewable resources and organic waste, thereby offering cost-competitive, safe, and environmentally friendly packaging solutions that seamlessly biodegrade.
Strategic signal
In August 2023, MadeRight announced its focus on harnessing fungi to create sustainable food packaging. This development signals the company's commitment to addressing the environmental challenges posed by traditional plastic packaging, positioning it as a key player in the evolving market for eco-friendly material innovations within the agriculture and food technologies sector.
Company Intelligence Q&A
- What is MadeRight's primary focus?
- MadeRight focuses on developing sustainable fungi-based biomaterials as an alternative to traditional plastics for the packaging industry.
- When was MadeRight founded and by whom?
- MadeRight was founded in March 2021 by Rotem Cahanovitc and Yotam David.
- What was a significant funding event for MadeRight?
- In August 2023, MadeRight secured pre-seed funding from investors including Arkin Sustainability.
- What is MadeRight's approach to sustainability?
- MadeRight's technology uses organic waste to feed fungi, creating biodegradable materials that aim to reduce fossil-derived plastic packaging and divert organic waste from landfills.
- What is the current operational status of MadeRight?
- MadeRight ceased to operate in January 2026.