Ecovative - the mycelium technology company

🍄🥓🧳 ECOVATIVE RAISES $28M TO PROPEL MYBACON GROWTH & LAUNCH ECO-LEATHER To advance its food and fashion innovations, US mycelium startup Ecovative - the mycelium technology company has closed a $28M financing round featuring strategic investors and existing shareholders. The company behind brands like MyFOREST Foods , Forager, Mushroom® Packaging and Grow.bio, Ecovative has now raised $145M since 2019. It now plans to expand the production and distribution of MyBacon, and introduce an alt-leather material for jackets and accessories under the Forager brand. “The capital will be used to expand MyBacon from 600 to thousands of stores through 2025, providing the necessary working capital to support that growth,” Ecovative founder and CEO Eben Bayer told Green Queen. “We’ll also be launching Forager products with our customers, while onboarding new capacity to scale through 2026 and 2027.” Founded in 2007, Ecovative uses a proprietary AirMycelium technology to grow different strains of mushrooms for a variety of use cases. These are produced on an industrial scale in vertical farms, allowing it to grow three million sq ft of material annually on one acre of land. The latest investment comes amid growing VC interest in fermentation and mycelium. Alternative protein startups saw funding dip by 44% last year, but while plant-based companies have struggled to recover, and cultivated meat startups are on track to secure a similar amount of capital, in the first half of this year, fermentation players have already obtained 90% of the money they did in all of 2023. Read the full article here: https://lnkd.in/eBXU2pEs #GreenQueen #mycelium #altprotein #fermentation #innovation #foodtech #sustainability

The Forager team is growing! We’re hiring a dynamic Marketing & Product Manager to lead our marketing strategy, spearhead product development, and drive collaborations. We're looking for someone who is bold, curious, and imaginative and thrives in a collaborative, challenging, and creative company. This is a Remote role and you can be located in Europe. Preferred countries; France, Italy, Germany, Netherlands, UK. Visit our careers page to learn more about the role: https://lnkd.in/eFQM2wfa Pictured: Patrick McDowell Benoit Blazer made with Forager Airloom™ Textile, on display now The Mills Fabrica London HQ through September 25th.

✈️🇬🇧 Come meet the Forager team at #FutureFabricsExpo. We have new colors & new finishes on display! Melanie Murray - Commercial Sales Lead Lacey Davidson - Director of MarComms Gavin McIntyre - Chief Commercial Officer Dr Anna Sammarco - Materials Consultant Enjoy this 60 second recap behind the scenes on the first day of the expo! See you tomorrow fashion innovators! #mycelium #sustainablefashion #nextgenmaterials

🌟✨ A Fashion Revolution Begins! ✨🌟 Get ready to witness a game-changer! Visionary designer Patrick McDowell is now the Global Design Ambassador for Ecovative's Forager mycelium materials! 🎉 Patrick McDowell is shaking up the fashion world with cutting-edge designs using mycelium materials, a groundbreaking alternative to traditional leather. 🍄👗 Ecovative's Forager materials use fewer resources, aligning perfectly with Patrick's mission for responsible fashion. This partnership is a bold step towards a more mindful future. 🌍💡 Designers, it's your time to shine! Dive into the limitless potential of mycelium materials and join us in this fashion revolution. Check out the Benoit Blazer at The Planet-Saving Innovations exhibition The Mills Fabrica. Ready to lead the change? Connect with us and start designing with Forager mycelium materials today! #FashionInnovation #PatrickMcDowell #Ecovative #MyceliumRevolution #FutureFashion Learn more at PatrickMcDowell.co.uk and Ecovative.com

London calling! 🍄 ✨ Last week, the Forager team joined other cutting-edge material innovators for the launch of The Mills Fabrica Planet Saving Innovations Campaign, where Forager handbags from ECCO Leather B.V., a Forager made blazer by Patrick McDowell and a Forager Foam insulated demin workwear concept from AG DENIM will be on display until the end of September! 🎉 Packed with inspiring talks and panels, Forager's very own Cornelia (Conny) Wittke shared the stage later that afternoon with some incredible industry leaders: - 🌍 Joe Iles from the Ellen MacArthur Foundation - 🌱 Luke Haverhals from Natural Fiber Welding - 👟 Charlotte Pumford from Vivobarefoot, an original brand partner of Forager's Fashion for Good Cooperative Added bonus to this perfectly curated event - Hannah Jones from the The Earthshot Prize delivered absolutely captivating opening remarks, drawing from her decades of experience on Nike's first sustainability team. 🌿 Visit Forager.bio to learn more about our 100% biobased fashion materials that are helping brands reach their ESG targets, it takes all of us working together to drive sustainable manufacturing practices forward! 💚 #SustainableInnovation #PlanetSaving #TheMillsFabrica #EarthshotPrize #ESG #BiobasedProducts #FashionForGood #Ecovative #Mycelium

We've reached the €1.8M milestone!🎉 With just 8 days left, your window to become a shareholder in Loop Biotech is closing fast. Act now before this round closes – once we hit €2M, the campaign ends automatically! ☠ Why invest in Loop Biotech? 🍄 Innovative and Sustainable Product: The 'Loop Living Cocoon' is an eco-friendly, global leader in sustainable burial with patented mycelium technology. 🌎 Strong Market Position and Demand: The 'Loop Living Cocoon' boasts strong market demand, exclusive contracts with major European funeral homes, and over 1,000 users, benefiting from growing interest in natural burials and sustainability. 🌱 Financial Health and Growth Trajectory: Revenue has grown by 90-200% yearly, with a projected 250% increase this year. Improvements in product and processes, plus hiring sales experts, aim to scale growth across the Netherlands and Europe. 🧠 Experienced Team and Reputable Backing: Loop Biotech's team combines fresh talent with seasoned entrepreneurs like Shawn Harris and partnerships like Limbraco International, plus investor Pieter Schoen, setting a solid base for rapid expansion. 🚀 Market Size and Exit Potential: The growing market for eco-friendly funerals and clear exit strategies, backed by peer success, presents substantial investment potential. Invest now via link in comments 👇 #invest #investeren #duurzaam #sustainable #scaleup #scaling #biotech #circular #biodesign #gogreen #mycelium #mushrooms #biofabrication