Tech Company Financing Transactions
Ecovative Funding Round
On 6/6/2023, Ecovative raised $30 million in Series E financing from Viking Global Investors, AiiM Partners and Footprint Coalition.
Transaction Overview
Company Name
Announced On
6/6/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series E
Investors
Proceeds Purpose
The funding will support Ecovative's plans to scale its Forager business into a world-class supplier of sustainable textile and foam products, while the investment into MyForest Foods will support its retail growth as its footprint expands across the Eastern Seaboard.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
70 Cohoes Avenue, Green Island 103
New York, NY 12183
USA
New York, NY 12183
USA
Phone
Website
Email Address
Overview
Ecovative uses biology to solve fundamental human needs at industrial scales and in consumer applications. Ecovative uses mycelium to grow category defining products ranging from leather like textiles to sustainable packaging to high performance foams for apparel and beauty. Ecovative has been widely recognized for its technical and environmental contributions by organizations like the World Economic Forum and in the media including Wired Magazine, Forbes, and Time.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eben Bayer
Chief Financial Officer
Patricia Strickland
Chief Operating Officer
Thomas Haren
Chief Technical Officer
Peter Mueller
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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