Fundraising Fox

Ecovative Design

Green Island, US · New York LLC · 3 known investors

ecovativedesign.com ↗

Ecovative grows whole-cut meat alternatives and other materials from mycelium using its AirMycelium indoor cultivation platform, which integrates with existing mushroom farming infrastructure. Its products include MyBacon, a sliceable vegan bacon sold in over 3,000 US stores, and Forager, a leather-like material in development with fashion and electronics brands.

BiotechFoodTechNew Materials

Founders & leadership

GM
Gavin McIntyreCo-founder
EB
Eben BayerCo-founder

Board

EL
Evan LodesBoard director
JW
Jerry WeinsteinBoard director
CD
Charles DeullBoard director
JH
Jessica HarrisBoard director
SS
Steven SherwoodBoard director

Investors · 3

Breakout Labs
Breakout VenturesSan Francisco · $500K – $6M
Stray Dog CapitalLeawood · $100K – $1M

Reported raises · per SEC filings

Form D private placements

$112.9M disclosed across 6 rounds · 2016–2023

▶$31.7MraisedJun 2023 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jessica HarrisDirector
  • Jerry WeinsteinDirector
  • Steven SherwoodDirector
  • Charles DeullDirector
  • Tom MastersonExecutive Officer
  • Eben BayerExecutive Officer, Director
  • Gavin McIntyreExecutive Officer, Director
Offering amount
$31.7M
Amount sold
$31.7M
First sale
May 2023
Incorporated
Limited Liability Company, New York
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$60.8MraisedMay 2021 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Evan LodesDirector
  • Jerry WeinsteinDirector
  • Charles DeullDirector
  • Jessica HarrisDirector
  • Gavin McIntyreExecutive Officer, Director
  • Steven SherwoodDirector
  • Eben BayerExecutive Officer, Director
Offering amount
$60.8M
Amount sold
$60.8M
First sale
Mar 2021
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10MraisedOct 2019 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Eben BayerExecutive Officer, Director
  • Gavin McIntyreExecutive Officer, Director
  • Charles DeullDirector
  • Richard KelsonDirector
  • Jerry WeinsteinDirector
  • Evan LodesDirector
Offering amount
$15M
Amount sold
$10M
Minimum investment
$1M
First sale
Oct 2019
Incorporated
Limited Liability Company, New York
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.4MraisedFeb 2018 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Charles DeullDirector
  • Gavin McIntyreExecutive Officer, Director
  • Eben BayerExecutive Officer, Director
  • Jerry WeinsteinDirector
  • Richard KelsonDirector
Offering amount
$1.5M
Amount sold
$1.4M
First sale
Feb 2018
Incorporated
Limited Liability Company, New York
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5.1MraisedOct 2016 · 17 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Eben BayerExecutive Officer, Director
  • Richard KelsonDirector
  • Charles DeullDirector
  • Gavin McIntyreExecutive Officer, Director
  • Jerry WeinsteinDirector
Amount sold
$5.1M
Minimum investment
$1
Sales commissions
$250K
First sale
Oct 2016
Incorporated
Limited Liability Company, New York
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$3.9MraisedJan 2016 · 13 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Gavin McIntyreExecutive Officer, Director
  • Jerry WeinsteinDirector
  • Charles DeullDirector
  • Eben BayerExecutive Officer, Director
  • Richard KelsonDirector
Offering amount
$4M
Amount sold
$3.9M
Minimum investment
$1
First sale
Jan 2016
Incorporated
Limited Liability Company, New York
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Mycelium technology company Ecovative raises over $30M | Retail Diveretaildive.com · Jun 2023MyForest Foods gets $15M investment and new CEO to continue growth | Food Divefooddive.com · Jun 2023Ecovative Design raises $30M round, will invest half in MyForest Foods - Albany Business Reviewbizjournals.com · Jun 2023Ecovative Raises Over $30 Million, Funding Global Distribution of Planet-Friendly Fashion and Foodbusinesswire.com · Jun 2023Ecovative Design Receives US$60M To Develop New Applications For Its Mushroom Mycelia Productsgreenqueen.com.hk · Apr 2021Ecovative Design raises USD 60 million in Series D funding - SPEEDA Edgesp-edge.com

Frequently asked questions

What does Ecovative Design do?
Ecovative grows whole-cut meat alternatives and other materials from mycelium using its AirMycelium indoor cultivation platform, which integrates with existing mushroom farming infrastructure. Its products include MyBacon, a sliceable vegan bacon sold in over 3,000 US stores, and Forager, a leather-like material in development with fashion and electronics brands.
Who founded Ecovative Design?
Ecovative Design was founded by Gavin McIntyre, Eben Bayer.
Who are Ecovative Design's investors?
Ecovative Design's investors include Breakout Labs, Breakout Ventures, Stray Dog Capital.
How much funding has Ecovative Design raised?
Ecovative Design has disclosed $112.9M raised across 6 rounds.
Where is Ecovative Design headquartered?
Ecovative Design is headquartered in Green Island, US.