About Evoco Ltd
Evoco Ltd is a company based in Toronto (Canada) founded in 2017. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Evoco Ltd has raised $8.76 million across 1 funding round from investors including Export Development Canada, Circular Innovation Fund and unknown. Evoco Ltd has completed 1 acquisition, including A.M.I.. Evoco Ltd offers products and services including Bio-Foam, Bio-TPU, Leather Alternative, and Cleansport NXT®.
- Headquarter Toronto, Canada
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Sectors
Consumer
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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 Evoco Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.76 M (USD)
in 1 rounds
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Latest Funding Round
$8.76 M (USD), Series B
Mar 28, 2023
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Investors
Export Development Canada
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Evoco Ltd
Evoco Ltd offers a comprehensive portfolio of products and services, including Bio-Foam, Bio-TPU, Leather Alternative, and Cleansport NXT®. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Bio-Foam is developed as a plant-based material alternative.
Bio-TPU is crafted as a sustainable thermoplastic polyurethane option.
Leather Alternative is produced as a plant-based leather substitute.
Cleansport NXT® is designed for odor control in materials.
Funding Insights of Evoco Ltd
Evoco Ltd has successfully raised a total of $8.76M through 1 strategic funding round. The most recent funding activity was a Series B round of $8.76 million completed in March 2023. 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 1
- Last Round Series B — $8.8M
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First Round
First Round
(28 Mar 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Evoco Ltd | Valuation | Circular Innovation Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Evoco Ltd
Evoco Ltd has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Export Development Canada, Circular Innovation Fund and unknown. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture capital fund investing in circular innovation and sustainable technologies across global regions.
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Founded Year | Domain | Location | |
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SME loans are provided to support business exports.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Evoco Ltd
Evoco Ltd has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include A.M.I.. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of marine and aviation liferafts and escape slides
|
1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Evoco Ltd
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evoco Ltd Comparisons
Competitors of Evoco Ltd
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Evoco Ltd
When was Evoco Ltd founded?
Evoco Ltd was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is Evoco Ltd located?
Evoco Ltd is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Evoco Ltd?
Jason Robinson is the current CEO of Evoco Ltd.
Is Evoco Ltd a funded company?
Evoco Ltd is a funded company, having raised a total of $8.76M across 1 funding round to date. The company's 1st funding round was a Series B of $8.76M, raised on Mar 28, 2023.
What does Evoco Ltd do?
Evoco Ltd is focused on creating innovative plant-based materials to replace petrochemicals in durable consumer goods. The company is involved in sectors like footwear and consumer products, offering scalable solutions such as Bio-Foam, Bio-TPU, and Leather Alternatives. These materials are integrated into existing supply chains to enhance sustainability and performance. Evocos technologies are designed to disrupt massive material markets by providing cost-effective and verifiable defossilization options for global brand partners.
What products or services does Evoco Ltd offer?
Evoco Ltd offers Bio-Foam, Bio-TPU, Leather Alternative, and Cleansport NXT®.
How many acquisitions has Evoco Ltd made?
Evoco Ltd has made 1 acquisition, including A.M.I..
Who are Evoco Ltd's investors?
Evoco Ltd has 3 investors. Key investors include Export Development Canada, Circular Innovation Fund, and unknown.
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