Ecovative - About the company
Ecovative is a series E company based in Albany (United States), founded in 2007 by Eben Bayer, Gavin McIntyre and Gavin Mclntyre. It operates as a Mycelium technology to develop sustainable and biodegradable materials. Ecovative has raised $184M in funding from investors like 3M, DOEN Foundation and Rensselaer. The company has 66 active competitors, including 25 that are funded. Its top competitors include companies like Saperatec, 3D BioFibR and Strong by Form.
Company Details
Mycelium technology to develop sustainable and biodegradable materials. It uses mycelium technology to develop sustainable and biodegradable materials, replacing plastics and engineered woods, and offers a range of products including mycelium foam, packaging, and other materials.
- Website
- ecovative.com
- Social
- Email ID
- *****@ecovative.com
- Registered Address
- Green Island, New York
Key Metrics
Founded Year
2007
Location
Albany, United States
Stage
Series E
Total Funding
$184M in 27 rounds
Latest Funding Round
Ranked
1st among 66 active competitors
Employee Count
69 as on Mar 31, 2026
Investment & Acquisitions
Legal entities associated with Ecovative
Ecovative is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ECOVATIVE DESIGN CIN: 260428421 , United States, Active | Dec 31, 1999 | - | 121 (As on Dec 31, 2023) | - |
Ecovative Design Llc CIN: 3523965 , United States, Active | May 30, 2007 | - | - | - |
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Ecovative's funding and investors
Ecovative has raised a total funding of $184M over 27 rounds. Its first funding round was on Jun 18, 2009. Ecovative has 15 institutional investors.
Here is the list of recent funding rounds of Ecovative:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 27, 2025 | 3190783 | Series E | 8725240 | 9547257 | 3180678 | 9130487 |
Mar 27, 2025 | 6020069 | Grant (prize money) | 4026714 | 5312659 | 9710148 | 5861632 |
Mar 27, 2025 | 1298425 | Conventional Debt | 2293076 | 3609136 | 9502704 | 2022808 |
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Ecovative's founders and board of directors
Founder? Claim ProfileThe founders of Ecovative are Eben Bayer, Gavin McIntyre and Gavin Mclntyre. Eben Bayer is the CEO of Ecovative.
Here are the details of Ecovative's key team members:
- Eben Bayer: Co-Founder & CEO of Ecovative. They serve on the board of 1 company.Contact Info: 1 email address
- Gavin McIntyre: Co-Founder of Ecovative. Contact Info: 1 email address
- Gavin Mclntyre: Co-Founder & CCO of Ecovative. Contact Info: 1 email address
Ecovative's Board of Directors
Ecovative's board has 10 active members. Eben Bayer, Jessica Harris, Evan Lodes, Jerry Weinstein, Gavin McIntyre, Richard Kelson, Steven Sherwood, Charles Deull, Gavin McIntyre and Tom Masterson are independent board members.Here is the list of Ecovative's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 14y 10m | |
egzqjrv | Independent board member | - | Current | 1y 7m |
qxjdw{w | Independent board member | - | Current | 9y 3m |
soccsqz | Independent board member | - | Current | 8y 1m |
aveqiis | Independent board member | - | Current | 9y 4m |
ageqffl | Independent board member | - | Current | 4y 4m |
jjdlkvm | Independent board member | - | Current | 9y 6m |
ny{dzhy | Independent board member | - | Current | 5y 5m |
uadvpdz | Independent board member | - | Current | 5y 7m |
hxsw{{j | Independent board member | - | Current | 5y 9m |
View details of Ecovative's Founder profiles and Board Members
Ecovative's employee count trend
Ecovative has 69 employees as of Mar 26. Here is Ecovative's employee count trend over the years:
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Ecovative's Competitors and alternates
Top competitors of Ecovative include Saperatec, 3D BioFibR and Strong by Form. Here is the list of Top 10 competitors of Ecovative, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ecovative 2007, Albany (United States), Series E | Mycelium technology to develop sustainable and biodegradable materials | $184M | 51/100 | |
2nd | Developer of technology for separating and recovering materials from composite structures | $5.59M | 58/100 | ||
3rd |  3D BioFibR 2020, Halifax (Canada), Seed | Provider of low-denier multifilament fibres from proteins | $7.77M | 57/100 | |
4th |  Strong by Form 2018, Santiago (Chile), Seed | Provider of augmented wood-based biocomposites | $5.95M | 51/100 | |
5th | Manufacturer of high-performance wood materials for construction and structural applications | $31M | 44/100 | ||
6th | Provider of Mycelium-based solution for making floor tiles | $13.4M | 43/100 | ||
7th |  Algreen 2020, London (United Kingdom), Seed | Developer of biobased polyurethane alternatives for various industries | - | 42/100 | |
8th | Leko 2014, Luxembourg (Luxembourg), Series A | Provider of augmented wood-based biocomposite materials | $21M | 39/100 | |
9th | Manufacturer of biomaterials | - | 39/100 | ||
10th |  Magical Mushroom 2004, Esher (United Kingdom), Seed | Producer of mushroom based sustainable packaging products | $9.81M | 38/100 |
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Ecovative's Investments and acquisitions
Ecovative has made 2 investments in MyForest Foods and Magical Mushroom. Ecovative has not made any acquisitions as of now.Reports related to Ecovative
Here is the latest report on Ecovative's sector:
News related to Ecovative
Filter this listMedia has covered Ecovative for a total of 2 events in the last 1 year.
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MyForest Foods Secures $11M to Scale Mycelium-Based Bacon as Sales Outpace CompetitorsVegan Business Magazine•Mar 31, 2025•MyForest Foods, Ecovative
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Mycelium Innovator Evocative Raises $28M to Propel MyBacon Growth & Launch Eco-LeatherGreen Queen•Sep 20, 2024•Ecovative
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Ecovative opens groundbreaking patent for plastic-free products in EuropeBusiness Wire•Sep 27, 2023•Ecovative
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Ecovative Raises Over $30 Million, Funding Global Distribution of Planet-Friendly Fashion and FoodBusiness Wire•Jun 06, 2023•Ecovative, Viking Global Investors, Standard Industries, FootPrint Coalition and 3 others
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MyForest Foods Raises $15M in Series A-2 to Scale MyBacon, Appoints Greg Shewchuk as New CEOVegan Business Magazine•Jun 06, 2023•MyForest Foods, Ecovative, Viking Global Investors
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Ecovative acquires new facility to expand mycelium productionFashionUnited•Dec 16, 2022•Ecovative, Lambert Spawn
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Ecco collaborates on Ecovative to commercialise mycelium leatherFashion Network•Nov 11, 2022•ECCO, Ecovative, ECCO Leather
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