Ecovative Design (Series A)
Funding Details
- Awarder
- Inbox
- Date Award
- March 30, 2021
- Vertical
- Materials Science
- Funding URL
- View Funding Page
- Funding Amount:
- $60,000,000
Company Info
- Founding Year
- 2007
- Traction
- Recognized with numerous international awards for sustainability and 'green' technologies.
- Organizations Involved
- New York State Energy Research and Development Authority, National Science Foundation, U.S. Department of Agriculture, Environmental Protection Agency, National Collegiate Inventors and Innovators Alliance
- Founders
- Eben Bayer
- Company Description
- Ecovative is a materials science company developing a new class of home-compostable biomaterials based on mycelium, an organism akin to a living polymer. Ecovative's high-performance products serve as environmentally responsible alternatives to traditional foam packaging, insulation, and other plastic-based materials.
- Market
- Sustainable Packaging and Insulation
- Location
- Green Island, New York, USA
- Coinvestors
- DiiM Partners, Senator Investment Group, Trousdale Ventures, Viking Global Investors