Loading organizations...
§ Venture Capital · Albany, NY, USA
Mycelium materials company growing mushroom roots to create compostable materials for sustainable packaging, plant-based food, and textiles.
Ecovative Design has raised $132.0M across 4 funding rounds.
Key people at Ecovative Design.
Ecovative Design has raised $132.0M in total across 4 funding rounds.
Ecovative Design is a Green Island, New York-based biotechnology company that cultivates mycelium to manufacture biodegradable materials designed to replace petroleum-derived plastics and synthetic foams across multiple industries. The enterprise produces sustainable packaging, leather-like textiles, and plant-based meat alternatives, operating a massive commercial mycelium farm to supply its global clients. To support its ongoing manufacturing expansion and advanced research operations, the organization has raised $184 million in total funding as of late 2025. Its proprietary mycelium-based materials have been utilized by major corporate customers and brand partners including Dell, Ikea, Steelcase, Ecco Leather, and Pangaia. Additionally, the company licenses its core technology and operates subsidiary brands like MyForest Foods Co, which currently distributes its consumer products through more than 2,500 retail locations. Ecovative Design was founded in 2007 by Eben Bayer and Gavin McIntyre.
Key people at Ecovative Design.
Ecovative Design has raised $132.0M across 4 funding rounds. Most recently, it raised $28.0M Other Equity in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 20, 2024 | $28M Venture Round | — | — | Announced |
| Jun 6, 2023 | $30M Series E | — | — | Announced |
| Mar 30, 2021 | $60M Series D | — | — | Announced |
| Nov 9, 2013 | $14M Venture Round | — | — | Announced |
Ecovative Design has raised $132.0M in total across 4 funding rounds.
