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Ecovative
Mycelium-based materials for packaging, textiles, and food.
About Ecovative
Ecovative is a pioneering startup that operates in the sustainable materials industry. The company specializes in the development and production of materials derived from mycelium, the vegetative part of a fungus. By utilizing agricultural byproducts, Ecovative creates eco-friendly alternatives to plastics, leather, meat, and other unsustainable products. The company's innovative approach involves growing complete structures with mycelium, a process that is both unique and environmentally friendly.
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Ecovative's business model is centered around licensing its technology to other companies in the U.S. and globally. It generates revenue by offering its sustainable materials for use in various industries, including packaging, fashion, and beauty. The company also provides a service for growing mycelium materials at scale in vertical farms, offering a sustainable alternative to products derived from fossil fuels and factory farming.
The company's target market includes large businesses interested in sustainable materials, as well as educational institutions that may use their Grow-It-Yourself (GIY) materials for educational purposes. Ecovative also has plans to expand its product offerings to include compostable materials for industries where such options are not yet commercially available.
In summary, Ecovative is a forward-thinking company that leverages biotechnology to create sustainable materials from mycelium, offering a green alternative to traditional industrial products. Its business model of licensing its technology and selling its products directly to businesses and educational institutions provides a steady revenue stream while promoting environmental sustainability.
At a glance
- Status
- Operational
- Founded
- 2007
- Headquarters
- Green Island, United States
- Employees
- 59
- Open positions
- None listed
- Dealroom signal
- 65.6/100
- Industry
- Fashion
- Sub-industry
- Innovative Food
- Sector
- Food, Personal Health, Interior Design, Innovation Management, Furniture, Biotechnology, Biomaterials, Biodegradable, Packaging and Containers, Insulation Solutions, Synthetic Biology, Spinout
- Business model
- Manufacturing
- Investment activity
- 3 companies, latest Jun 2023
- Capital deployed
- $19M
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANTOther financing | Mar 2025 | $0 | — | Advance Albany County Alliance | ↗ |
| DEBTDebt | Mar 2025 | $0 | — | Advance Albany County Alliance | ↗ |
Growth signals
Latest recorded traffic for Ecovative is 18K monthly website visits, up 12.5% over the last three months. Ecovative's team declined 10.6% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
MyForest FoodsGreen Island, United StatesVertically farmed mycelium for whole-cut meat alternatives
$200Mvaluation
Lambert SpawnVenlo, Netherlands
→
Magical mushroom companyEsher, United KingdomMycelium-based compostable packaging for plastic replacement
$16Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed8 investors entered at this stage
NYSERDA
US National Science Foundation
DOEN Participaties
Rensselaer Polytechnic Institute
3M Ventures
US Department of Agriculture
US Environmental Protection Agency
Advance Albany County Alliance
Series A1 investor entered at this stage
Senator Investment Group
Series B and later14 investors entered at this stage
Viking Global Investors
Small Business Innovation Research
Serious Change
Empire State Development- GFGreen Challenge Fund
Breakout Ventures
AiiM Partners
Trousdale Ventures
Sentor Investments
Venturewell
Buckminster Fuller Institute
Siam Capital
Standard Investments
FootPrint Coalition
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Ecovative on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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