# Evoco

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

- Industry: Materials
- Headquarters: Toronto, Canada
- Website: www.evocoltd.com
- Total disclosed funding: $13M
- Latest round: Series B (Mar 24, 2023)
- Investors on record: 4

## About

Based in Toronto, Canada, and founded in 2017, Evoco, Ltd. provides sustainable products using plant-based renewable materials. The company was founded by its CEO Jason Robinson. In March 2023, the firm raised CAD 12 million in Series B funding led by investor Cycle Capital Management, with participation from another investor Export Development Canada. Returning investor The Stewart Group also participated in the round.

The company offers plant-based renewable materials which eliminate the use of petrochemical and harmful materials. The firm product offerings include fates which are eco-foam that is developed using renewable technology. Additionally, the company also provides clearsport NXT which is developed using pro-biotic technology in order to provide a method of odor control within athletic products and footwear.

The company plan to use the March 2023 funding to create new products for its customers and expand its business reach worldwide.

## Funding rounds

- Series B, Mar 24, 2023, $8.9M — Export Development Canada, Cycle Capital Management, The Stewart Group
- Series A, Sep 14, 2021, $4M — Forage Capital Partners

## Investors

- Forage Capital Partners (https://capitalatlas.ai/funds/forage-capital-partners) — Series A
- Export Development Canada — Series B
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series B
- The Stewart Group — Series B