Founded in 2007, 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. Ecovative was incubated at Rensselaer Polytechnic Institute. Ecovative has been recognized with numerous international awards for sustainability and 'green' technologies, and was named a Tech Pioneer at the 2011 World Economic Forum in Davos, Switzerland, as well as the 2013 winner of the Buckminster Fuller Challenge. In addition to capital financing, the growth of Ecovative's materials science technology has included grants, prizes, and support from key partners including the New York State Energy Research and Development Authority, the National Science Foundation, the U.S. Department of Agriculture, the Environmental Protection Agency, and the National Collegiate Inventors and Innovators Alliance.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 11/09/13 | $14,000,000 |
3M New Ventures DOEN Foundation Dolby Family Ventures | undisclosed | |
| 03/30/21 | $60,000,000 | Series D |
AiiM Partners Senator Investment Group Trousdale Ventures Viking Global Investors  | undisclosed |
| 06/07/23 | $30,000,000 | Series E |
AiiM Partners FootPrint Coalition Ventures Standard Investments Viking Global Investors | undisclosed |
