When was Ecovative founded?

Ecovative was founded in 2007 and raised its 1st funding round 2 years after it was founded.

Where is Ecovative located?

Ecovative is headquartered in Albany, United States. It is registered at Green Island, New York.

Who is the current CEO of Ecovative?

Eben Bayer of Ecovative. They have also founded 1 company.

How many employees does Ecovative have?

As of Aug 31, 2026, the latest employee count at Ecovative is 57.

Is Ecovative a funded company?

Ecovative is a funded company, having raised a total of $184M across 26 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jun 18, 2009.

When was the latest funding round of Ecovative?

Ecovative's latest funding was a $***** Conventional Debt round on Mar 27, 2025, with participation from 0 investor. Its primary sector is Solid Waste Management Tech. In United States, the Solid Waste Management Tech sector has seen $709M in funding in 2026 to date.

Where does Ecovative rank among its competitors?

Ecovative ranks 2nd amongst 78 active competitors, of which 28 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Strong by Form, which secured $6.6M in Aug, 2026.

Who are the top competitors of Ecovative?

Ecovative's top competitors include Leko, Saperatec and Woodoo. Among them, Strong by Form secured the most recent funding round in August, 2026.

Ecovative - 2026 Company Profile, Team, Funding & Competitors

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

Conventional Debt, Mar 27, 2025, $*****

Investors

3M & 14 more

Ranked

2^nd among 78 active competitors

Employee Count

57 as on Aug 31, 2026

Investment & Acquisitions

MyForest Foods & 1 more

Similar Companies

Saperatec & 56 more

View Ecovative's full profile

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)	-

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 27, 2025	1713221	Conventional Debt	1754427	2986445	7158632	8601419
Mar 27, 2025	3998139	Series E	9582322	1623843	4222484	8668396
Mar 27, 2025	9915258	Grant (prize money)	5393398	7324832	8937617	4907019

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View details of Ecovative's funding rounds and investors

The 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
Eben Bayer	Independent board member	-	Current	15y 3m
cwrypvj	Independent board member	-	Current	1y 7m
xv{wxhg	Independent board member	-	Current	3y 9m
mratquj	Independent board member	-	Current	6y 3m
iikbuvw	Independent board member	-	Current	2y 1m
r{vgpdw	Independent board member	-	Current	2y 9m
yljelu{	Independent board member	-	Current	9y 8m
zcuclhv	Independent board member	-	Current	9y 6m
bnzajpk	Independent board member	-	Current	7y 1m
tpitkvd	Independent board member	-	Current	5y 4m

View details of Ecovative's Founder profiles and Board Members

Ecovative's employee count trend

Ecovative has 57 employees as of Aug 26. Here is Ecovative's employee count trend over the years:

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Top competitors of Ecovative include Leko, Saperatec and Woodoo. Here is the list of Top 10 competitors of Ecovative, ranked by Tracxn score:

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	2150.VC, Freigeist Capital & 6 others	52/100
2nd	Ecovative 2007, Albany (United States), Series E	Mycelium technology to develop sustainable and biodegradable materials	$184M	Senator Investment Group, Standard Industries ... & 13 others	50/100
3rd	Saperatec 2010, Bielefeld (Germany), Series A	Developer of technology for separating and recovering materials from composite structures	$5.59M	HTGF, Henkel Ventures & 7 others	48/100
4th	Woodoo 2016, Paris (France), Series B	Manufacturer of high-performance wood materials for construction and structural applications	$31M	Lowercarbon Capital, EIC Fund & 6 others	44/100
5th	Mogu 2015, Varese (Italy), Series A	Provider of Mycelium-based solution for making floor tiles	$13.4M	Progress Tech Transfer, ECBF & 6 others	44/100
6th	Strong by Form 2018, Santiago (Chile), Series A	Provider of augmented wood-based biocomposites	$12.6M	CMPC Ventures, CMPC & 12 others	42/100
7th	3D BioFibR 2020, Halifax (Canada), Seed	Provider of low-denier multifilament fibres from proteins	$7.77M	Invest Nova Scotia, Concrete Ventures & 4 others	41/100
8th	Magical Mushroom 2004, Esher (United Kingdom), Seed	Producer of mushroom based sustainable packaging products	$9.81M	Ecovative, Satrio Ayu Ltd & 27 others	41/100
9th	Champion 2012, India, Unfunded	Provider of epoxy resins	-	-	40/100
10th	Biohm 2017, London (United Kingdom), Seed	Manufacturer of mycelium-based building materials	$8.32M	Passer Property, Seedrs & 4 others	38/100