# Ecovative

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecovative

- Industry: Materials
- Headquarters: US
- Website: www.ecovative.com/
- Total disclosed funding: $90M
- Latest round: Series E (Jun 6, 2023)
- Investors on record: 6

## About

Based in the US, Ecovative LLC develops innovative sustainable materials from mycelium, catering to the growing demand for environmentally responsible products in the food and packaging sectors.Ecovative LLC specializes in creating sustainable materials derived from fungi. Founded in 2007 in the US, the company has raised a total of USD 28.00 mn through 10 funding deals, with the latest round being a GROWTH funding round raising USD 28.00 mn on March 27, 2025. Eben Bayer serves as CEO, guiding the company as it addresses eco-friendly product needs through its technological advancements.Ecovative specializes in mycelium-based products, offering gourmet meat alternatives and biodegradable packaging solutions. Their products include sliceable meat alternatives that mitigate the environmental impact of traditional meat consumption, and Mushroom® Packaging, which decomposes in 45 days at home. Ecovative caters to food manufacturers, packaging companies, and eco-conscious consumers, with a market presence primarily in North America and Europe.Ecovative generates revenue through direct sales of its mycelium-based products to the food and packaging sectors. The company conducts B2B partnerships allowing retailers to order bulk quantities of its products. Its pricing strategy reflects the sustainable value of its offerings and includes collaborations that leverage Ecovative's technology for custom applications. The revenue model rests on the sale of its flagship products, addressing demand for environmentally responsible solutions.Ecovative plans to utilize its most recent funding round from March 2025 to expand its mycelium-based MyBacon product. The company aims to introduce new products and enhance its market presence, targeting strategic geographic regions for expansion. This initiative will leverage the USD 28.00 mn raised to facilitate product development and market entry efforts.

## Funding rounds

- Series E, Jun 6, 2023, $30M — Viking Global Investors, AIIM Partners, Standard Investments, FootPrint Coalition
- Series D, Mar 30, 2021, $60M — Viking Global Investors, Senator Investment Group, AIIM Partners, Trousdale Ventures

## Investors

- Viking Global Investors (https://capitalatlas.ai/funds/viking-global-investors) — Series D, Series E
- Senator Investment Group (https://capitalatlas.ai/funds/senator-investment-group) — Series D
- AIIM Partners (https://capitalatlas.ai/funds/aiim-partners) — Series D, Series E
- Trousdale Ventures (https://capitalatlas.ai/funds/trousdale-ventures) — Series D
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series E
- FootPrint Coalition (https://capitalatlas.ai/funds/footprint-coalition) — Series E