Top Mycelium Packaging startups
There are 21 Mycelium Packaging startups which include Ecovative, Magical Mushroom, Nivraa Bio, Maderight, MYCO. Out of these, 11 startups are funded, with 2 having secured Series A+ funding. United States has the most number of companies in Mycelium Packaging (6), followed by United Kingdom and Mexico
which have (2) companies.
Over the past 10 years, an average of 1 new company has been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, EDHEC Business School and University of California (Berkeley).
Here is the list of top Mycelium Packaging Startups

1. Ecovative
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.
Key facts about Ecovative
- Founded Year: 2007
- Location: Albany (United States)
- Stage: Series E
- Total Funding till date: $184M
- Investors: DOEN Foundation, 3M and 13 Others
- Latest Funding Round: Series E, Mar 27, 2025, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 4 of 89 Competitors
Producer of mushroom based sustainable packaging products. The packaging material is made of agricultural waste such as hemp, cork, and sawdust and is flame resistant and hydrophobic. It develops a mycelium based packaging material combined with feedstock, and chitin for multiple industries.
Key facts about Magical Mushroom
- Founded Year: 2004
- Location: Esher (United Kingdom)
- Stage: Seed
- Total Funding till date: $9.81M
- Investors: Ecovative, Satrio Ayu Ltd and 27 Others
- Latest Funding Round: Seed, Feb 09, 2023, $*****
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 2 of 21 Competitors
3. Nivraa Bio
Manufacturer of compostable packaging made from agri-waste and fungi material. The packaging is designed as a thermocol replacement, breaking down within a short time frame. It offers shock-absorbent protection comparable to expanded polystyrene thermocol. The material is suitable for various industries, including electronics, luxury brands, beauty, and fashion. They customize packaging with natural scents and bespoke color tones.
Key facts about Nivraa Bio
- Founded Year: 2025
- Location: New York (United States)
- Stage: Unfunded
- Tracxn Score: 32/100 What is this?
- Competitors Rank: 3 of 21 Competitors
4. Maderight
Maderight Technology is a company that manufactures, sells, outsources, distributes fashion and apparel products internationally. It providers, tops, bottoms, jeans, underwear, tees, sweaters, jackets, leather shoes, cotton woven fabrics, yarn dyed, printed fabrics, and special washes. The company also provides an online platform for clients to track all the activities in the manufacturing process, a user can also get real-time notification on completion of any phase.
Key facts about Maderight
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Deadpooled
- Total Funding till date: $120K
- Investors: Mission and Market, American Startup Club and 3 Others
- Latest Funding Round: Seed, 2015, $*****
- Tracxn Score: 31/100 What is this?
- Competitors Rank: 4 of 21 Competitors
5. MYCO
Key facts about MYCO
- Founded Year: 2021
- Location: Brno (Czech Republic)
- Stage: Seed
- Total Funding till date: $591K
- Investors: Garage Angels and JIC
- Latest Funding Round: Seed, Jul 2022, $*****
- Tracxn Score: 31/100 What is this?
- Competitors Rank: 5 of 21 Competitors
