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. 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
- Founders Gavin McIntyre, Gavin Mclntyre, Eben Bayer
- SectorsReal Estate & ConstructionChemicals & Materials Environment Industrial Goods & Manufacturing
- Email••••••••
- Website ecovative.com
- Social LinkedIn X Facebook
- Legal Name Ecovative Llc
- Total Equity Funding$183.93 M (USD)
in 27 rounds
- Latest Funding Round$1.68 M (USD), Grant
Mar 27, 2025
- Investors3M
& 12 more
- Employee Count106
- Investments & Acquisitions
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.
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 $183.9M
- Total Rounds 27
- Last Round Grant — $1.7M
- First Round $80,000
(18 Jun 2009)
- Investors Count 13
Latest 10 of 27 funding rounds of Ecovative with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 27 Mar 2025 | $11.0M | Series E | – | – | – |
| 27 Mar 2025 | – | Debt – Conventional | – | – | |
| 27 Mar 2025 | $1.7M | Grant | – | – | |
| 20 Sep 2024 | $28.0M | Series E | – | – | – |
| 31 May 2023 | $31.7M | Series E | – | Viking Global Investors | |
| 23 Mar 2021 | $60.8M | Series D | – | Viking Global Investors | |
| 02 Oct 2019 | $10.0M | Series C | – | 3M , Rensselaer | – |
| 01 Sep 2018 | $599,915 | Grant | – | – | |
| 15 Feb 2018 | $1.4M | Series B | – | Varma | – |
| 01 Sep 2017 | $91,503 | Grant | – | – |
13 investors in total: 13 institutional.
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 |
|---|---|---|---|---|
Private investment firm focused on multiple sectors | – | vikingglobal.com | Greenwich, United States | |
Venture capital is invested in media sectors by the firm. | – | footprintcoalition.com | Los Angeles, United States | |
AiiM Partners is focused on investing in growth-stage technology companies. | – | aiimpartners.com | Palo Alto, United States | |
Private equity & fixed income investments focused hedge fund | – | senatorlp.com | New York, United States | |
Early-stage tech startups are funded in mobility and climate sectors. | – | trousdale.vc | Los Angeles, United States | |
Standard Industries is engaged in building solutions and materials. | – | standardindustries.com | New York, United States | |
3M is recognized as a global leader in industrial innovation. | 1902 | 3m.com | United States | |
Multiple courses and degrees across diversified streams are offered. | 1824 | rpi.edu | United States | |
Sustainable, cultural, and social pioneers are supported by the foundation. | 1991 | doen.nl | Amsterdam, Netherlands | |
Offers pension insurance, work ability services, and investments for employers and individuals. | 1998 | varma.fi | Helsinki, Finland |
Investor details for Ecovative
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Ecovative
8 people are tracked at Ecovative (3 in leadership, 5 in board & advisors); the tracked headcount is 106.
| Name | Role | Group |
|---|---|---|
Gavin McIntyre | Co-Founder | Leadership |
Gavin Mclntyre | Co-Founder & CCO | Leadership |
Eben Bayer | Co-Founder & CEO | Leadership |
Jerry Weinstein | Member Board Of Directors | Board & advisors |
Evan Lodes | Board Member | Board & advisors |
Jessica Harris | Board Member | Board & advisors |
Steve Sherwood | Board Member | Board & advisors |
Charles Deull | Board Member | Board & advisors |
Complete people profiles for Ecovative
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Mushroom spawn is cultivated and distributed for commercial use. | lambertspawn.com | Coatesville, United States | 1919 | Dec 2022 | •••• |
Complete acquisition details for Ecovative
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Ecovative
4 dated milestones of Ecovative across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Ecovative is founded.
- Funding First funding round of $80K.
- Acquisition Acquires Lambert Spawn.
- Funding Latest funding round, Grant, of $1.7M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mogu.bio | 2015 | Varese, Italy | $13.4M | – | Mycelium-based solutions for floor tile production are provided by Mogu. | |
| 3dbiofibr.com | 2020 | Halifax, Canada | $7.8M | – | Low-denier multifilament protein fibres are produced via patented dry-spinning technology. | |
| woodoo.com | 2016 | Paris, France | $31.0M | – | Low-grade wood is transformed into durable construction materials. | |
| cellexcel.co.uk | 2021 | Norwich, United Kingdom | $319,873 | – | Bio-based composite materials are developed for water-resistant fabrication. | |
| fibenol.com | 2019 | Tallinn, Estonia | – | 54 | Produces high-quality biomaterial products for various applications. | |
| strongbyform.com | 2018 | Santiago, Chile | $6.0M | – | Augmented wood-based biocomposites are supplied for lightweight construction. | |
| lekolabs.com | 2014 | Luxembourg | $21.0M | – | Augmented wood-based biocomposites are developed using AI robotics for construction. | |
| smartplanettech.com | 2009 | Newport Beach, United States | $635,015 | – | Sustainable paper barrier packaging solutions are provided for diverse applications. | |
| biohm.co.uk | 2017 | London, United Kingdom | $8.3M | 11 | Mycelium-based building materials are manufactured from agricultural waste. |
Detailed competitors of Ecovative
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Ecovative
Complete news archive for Ecovative
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Ecovative
10 companies that operate in the same segment as Ecovative (Construction & Building Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 405.2 M | USD 1.32 B | 4,200 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 763.1 M | USD 1.43 B | 1,710 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | – | – | |
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M | – | – | |
Cloud-based CRM and project management software for contractors is provided. | 2011 | American Fork, Utah, United States | USD 383 M | – | – | |
Cloud-based AR-enabled photo collaboration for field services is provided. | 2015 | Lincoln, Nebraska, United States | USD 36.25 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Provider of management solutions for the construction sector | 1963 | Munchen, Bayern, Germany | – | USD 1.4 B | – |
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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 Grant of $91.5K, raised on Jun 18, 2009.
Ecovative has 106 employees.
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.
Ecovative operates through Ecovative Llc.