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Ecovative spinoff: MyBacon maker receives funds for fungi operation expansion

Summary by Times Union
The funding is intended to support the fungal-based business in increasing its capacity for production, while also generating around 160 jobs in the next five years.

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Ecovative spinoff: MyBacon maker receives funds for fungi operation expansion

The funding is intended to support the fungal-based business in increasing its capacity for production, while also generating around 160 jobs in the next five years.

·Albany, United States
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Green QueenGreen Queen

Ecovative Raises $11M to Expand Mycelium Meat with 'Fastest-Selling' MyBacon

5 Mins Read New York firm Ecovative has secured $11M to supercharge the expansion of its mycelium-based MyBacon, which it claims is the fastest-selling plant-based breakfast item in the natural channel. Mycelium innovator Ecovative has raised $11M in new funding to fuel the “explosive growth” of MyBacon, the mycelium-based meat alternative sold under its spinout company, MyForest Foods. The round was largely led by existing investors, alongside …

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AgFunderNewsAgFunderNews

Breaking: Ecovative raises $11m, plans aggressive expansion of mycelium-based MyBacon

New York-based Ecovative has raised $11 million in a funding round that includes $1.68 million in grant and loan funding from the Advance Albany County Alliance to expand its mycelium-based alt meat and textiles businesses. Much of the capital—raised from undisclosed existing investors—will support the expansion of mycelium-based product MyBacon from MyForest Foods (which was spun out from Ecovative in 2020). The rest will go to Ecovative’s Fora…

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AgFunderNews broke the news in on Thursday, March 27, 2025.
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