Ecovative LLC raises $28M in later stage VC funding

Ecovative LLC, a materials science company based in New York City, NY, raised $28 million of venture funding on September 20, 2024 to expand the production and distribution of MyBacon, and introduce an alt-leather material for jackets and accessories under the Forager brand. The company was founded in 2007 and produces mycelium-based materials intended to create sustainable alternatives for various industries including fashion, food, and packaging sectors.