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 78 active competitors, including 28 funded and 1 that has exited. Its top competitors include companies like Leko, Saperatec and Woodoo.
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 26 rounds
Latest Funding Round
Ranked
2nd among 78 active competitors
Employee Count
56 as on Sep 30, 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 Llc CIN: 3523965 , United States, Active | May 30, 2007 | - | - | - |
ECOVATIVE DESIGN CIN: 260428421 , United States, Active | Dec 31, 1999 | - | 121 (As on Dec 31, 2023) | - |
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Ecovative's funding and investors
Ecovative has raised a total funding of $184M over 26 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 | 7076564 | Conventional Debt | 4049754 | 4785210 | 8715175 | 1342800 |
Mar 27, 2025 | 8569132 | Series E | 5706872 | 1802466 | 9545662 | 8459290 |
Mar 27, 2025 | 2533698 | Grant (prize money) | 9946435 | 7314611 | 1201198 | 9875468 |
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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 | 15y 3m | |
tjgkaya | Independent board member | - | Current | 3y 1m |
xqylotr | Independent board member | - | Current | 5y 4m |
kelbfqj | Independent board member | - | Current | 8y 7m |
uueegfs | Independent board member | - | Current | 8y 3m |
ohsufri | Independent board member | - | Current | 8y 7m |
tsfbafe | Independent board member | - | Current | 1y 8m |
uesppiv | Independent board member | - | Current | 7y 8m |
eiwjheg | Independent board member | - | Current | 5y 1m |
oagmyny | Independent board member | - | Current | 7y 6m |
View details of Ecovative's Founder profiles and Board Members
Ecovative's employee count trend
Ecovative has 56 employees as of Sep 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 Leko, Saperatec and Woodoo. 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 | Leko 2014, Luxembourg (Luxembourg), Series A | Provider of augmented wood-based biocomposite materials | $21M | 52/100 | |
2nd |  Ecovative 2007, Albany (United States), Series E | Mycelium technology to develop sustainable and biodegradable materials | $184M | 48/100 | |
3rd | Developer of technology for separating and recovering materials from composite structures | $5.59M | 48/100 | ||
4th | Manufacturer of high-performance wood materials for construction and structural applications | $31M | 44/100 | ||
5th | Provider of Mycelium-based solution for making floor tiles | $13.4M | 44/100 | ||
6th |  Strong by Form 2018, Santiago (Chile), Series A | Provider of augmented wood-based biocomposites | $12.6M | 42/100 | |
7th |  3D BioFibR 2020, Halifax (Canada), Seed | Provider of low-denier multifilament fibres from proteins | $7.77M | 41/100 | |
8th |  Magical Mushroom 2004, Esher (United Kingdom), Seed | Producer of mushroom based sustainable packaging products | $9.81M | 41/100 | |
9th | Provider of epoxy resins | - | - | 40/100 | |
10th | _1578906294419.png?devicePixelRatio=2&height=30&width=30){kind=logo} Biohm 2017, London (United Kingdom), Seed | Manufacturer of mycelium-based building materials | $8.32M | 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 list•
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 and Limbraco Join Forces to Transform Mushroom Farming with Cutting-Edge TechnologyTMC•Dec 08, 2023•Ecovative, Limbraco
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Ecovative opens groundbreaking patent for plastic-free products in EuropeBusiness Wire•Sep 27, 2023•Ecovative
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Ecovative Design has filed a notice of an exempt offering of securities to raise $31,742,598.00 in New Equity Investment.intelligence360•Jul 06, 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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