Bolt Threads Stock

Bolt Threads is a pioneering material solutions company focused on developing innovative and sustainable materials for the fashion and beauty industries. Utilizing cutting-edge biotechnology, Bolt Threads creates textiles and biomaterials such as Mylo™, a mushroom-based leather alternative, and Microsilk™, a synthetic silk inspired by spider silk. The company collaborates with leading brands to enhance sustainable practices and minimize environmental impact.

Founded: 2009

Bolt Threads Website

For more Bolt Threads stock information, or to buy or sell private shares, sign up for a MicroVentures account.

Bolt Threads Company Overview

Founded with the vision of harnessing nature's genius to create revolutionary materials, Bolt Threads stands at the forefront of biotechnology in the fashion and beauty sectors. This innovative company has made significant strides in the development of bioengineered fabrics and materials, which include Mylo™ and Microsilk™. Mylo™ is a sustainable leather alternative made from mycelium, the root structure of mushrooms. This material offers the luxurious feel of leather without the environmental burden of traditional animal leathers. Notably, Mylo™ has captured the attention of major brands such as Adidas and Stella McCartney, marking a significant shift towards sustainable fashion. Another groundbreaking material from Bolt Threads is Microsilk™, a protein-based fiber designed to mimic the properties of spider silk. This product is not only remarkable for its durability and resilience but also for its sustainable production method, which involves fermentation processes that use sugar, water, and yeast. Microsilk™ represents a major innovation in textile manufacturing, providing a biodegradable alternative to synthetic fibers. The company was co-founded by Dan Widmaier, David Breslauer, and Ethan Mirsky, whose diverse expertise in biochemistry, genetics, and engineering fueled the development of these advanced materials. Their work emphasizes collaboration with other brands and researchers to push the boundaries of what's possible with biomaterials. Bolt Threads' commitment to sustainability extends beyond product development. Their manufacturing processes are designed to reduce waste and energy use, aiming to set new standards for environmental responsibility in the textile industry. By redefining the building blocks of fabrics and materials, Bolt Threads not only innovates but also inspires a shift towards more ecological and sustainable industrial practices.

Management Team

Dan Widmaier, Ph.D. Founder, CEO
David Breslauer Co-Founder, Chief Scientific Officer
Sue Levin Chief Commercial Officer
Ethan Mirsky, Ph.D. Co-Founder, Vice President Strategic Projects

Funding Information

News

Bolt Threads Announces Closing of Business Combination and Will Begin Trading on Nasdaq Under New Symbol “BSLK”

BERKELEY, Calif. (August 13, 2024)— Bolt Threads, Inc. (“Bolt Threads”), a pioneer in sustainable biomaterials for consumer products, today reported the closing of its previously announced business combination with Golden Arrow Merger Corp (Nasdaq: GAMC) (“Golden Arrow”). GAMC shareholders approved the transaction at GAMC’s special meeting held on August 9, 2024.

Mushroom leather was supposed to revolutionize fashion. Then a promising startup halted production

Bolt Threads recently announced it would stop producing Mylo. But that doesn’t mean the end of mushroom leather as an industry.

The Uphill Battle of Innovation in Fashion: The Case of Bolt Threads

Despite high-profile backers such as Stella McCartney, Kering, adidas, and amassing over $300 million in investments, the start-up has recently announced a pause in its operations due to lack of necessary funding for scaling up.

Bolt Threads pauses Mylo production, but industry still pursues leather alternatives

American start-up Bolt Threads has reportedly pulled the plug on its Mylo mycelium-based leather alternative that has been used by Stella McCartney, Kering and Adidas.

Bolt Threads Greener Pastures Initiative rewards shift from animal leathers

Bolt Threads Greener Pastures Pledge rewards brands that shift from animal-derived leather with preferential access to Mylo.

Bolt Threads and Ginkgo Bioworks Join Forces to Boost Production of Mylo Mushroom Leather

Materials solutions company Bolt Threads announces a new multi-project collaboration with biotech firm Ginkgo Bioworks to increase the efficiency and performance of Bolt’s portfolio, and to develop novel biomaterial proteins. The companies’ first project will focus on optimizing production of Bolt’s Mylo™ leather alternative.