About Ecovative
Ecovative is a company based in Albany (United States) founded in 2007 by Gavin McIntyre, Gavin Mclntyre, and Eben Bayer. Ecovative has raised $183.93 million across 27 funding rounds from investors including 3M, United States Department of Agriculture and Rensselaer. The company has 106 employees as of December 31, 2022. Ecovative has completed 1 acquisition, including Lambert Spawn. Ecovative offers products and services including MyBacon, Forager, and Mushroom Packaging. Ecovative operates in a competitive market with competitors including Mogu, 3D BioFibR, Woodoo, Cellexcel and Fibenol, among others.
- Headquarter Albany, United States
- Employees 106 as on 31 Dec, 2022
- Founders Gavin McIntyre, Gavin Mclntyre, Eben Bayer
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Sectors
Real Estate & ConstructionChemicals & Materials Environment Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Ecovative Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$183.93 M (USD)
in 27 rounds
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Latest Funding Round
$1.68 M (USD), Grant
Mar 27, 2025
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Investors
3M
& 12 more
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Employee Count
106
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Ecovative
Ecovative offers a comprehensive portfolio of products and services, including MyBacon, Forager, and Mushroom Packaging.
Mycelium-based bacon substitute for sustainable meat options.
Mycelium material for fashion and textiles applications.
Grown packaging that composts quickly and reduces waste.
People of Ecovative
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Funding Insights of Ecovative
Ecovative has successfully raised a total of $183.93M across 27 strategic funding rounds. The most recent funding activity was a Grant round of $1.68 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 27
- Last Round Grant — $1.7M
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First Round
First Round
(18 Jun 2009)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series E - Ecovative | Valuation |
investors |
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| Mar, 2025 | Amount | Debt – Conventional - Ecovative | Valuation |
investors |
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| Mar, 2025 | Amount | Grant - Ecovative | Valuation |
investors |
Investors in Ecovative
Ecovative has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include 3M, United States Department of Agriculture and Rensselaer.
| Investor | Description | Founded Year | Domain | Location |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is invested in media sectors by the firm.
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Founded Year | Domain | Location | |
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AiiM Partners is focused on investing in growth-stage technology companies.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ecovative
Ecovative has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lambert Spawn.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mushroom spawn is cultivated and distributed for commercial use.
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1919 |
Financial Statements - Ecovative
Ecovative Comparisons
Competitors of Ecovative
Ecovative operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mogu, 3D BioFibR, Woodoo, Cellexcel and Fibenol, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mycelium-based solutions for floor tile production are provided by Mogu.
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| domain | founded_year | HQ Location |
Low-denier multifilament protein fibres are produced via patented dry-spinning technology.
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| domain | founded_year | HQ Location |
Low-grade wood is transformed into durable construction materials.
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| domain | founded_year | HQ Location |
Bio-based composite materials are developed for water-resistant fabrication.
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| domain | founded_year | HQ Location |
Produces high-quality biomaterial products for various applications.
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Frequently Asked Questions about Ecovative
Ecovative was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Ecovative is headquartered in Albany, United States.
Eben Bayer is the current CEO of Ecovative. They have also founded this company.
Ecovative is a funded company, having raised a total of $183.93M across 27 funding rounds to date. The company's 1st funding round was a Series E of $11M, raised on Jun 18, 2009.
As of Dec 31, 2022, the latest employee count at Ecovative is 106.
Ecovative was founded in 2007 in Albany, United States, and operates in the sustainable materials sector. Mycelium-based technology is utilized to create biodegradable alternatives to plastics and engineered woods. Products such as mycelium foam and packaging materials are produced for various applications. Operations focus on environmental innovation through fungal growth processes, with distribution centered in North America.
Ecovative's top competitors include Mogu, Strong by Form and 3D BioFibR.
Ecovative offers MyBacon, Forager, and Mushroom Packaging.
Ecovative has made 1 acquisition, including Lambert Spawn.
Ecovative has 13 investors. Key investors include 3M, United States Department of Agriculture, Rensselaer, DOEN Foundation, and Advance Albany County Alliance.