Ecovative Secures $11M to Expand MyBacon Production

Ecovative, a New York-based firm, has raised $11 million in funding to enhance the production of its mycelium-based product, MyBacon. This investment, led by existing investors and supplemented by a $1.7 million grant, aims to scale up production capacity and launch new products. The funding is significant as it supports the company’s growth in a challenging investment landscape for alternative proteins.

Original excerpt: Ecovative has raised $11M in new funding to fuel the “explosive growth” of MyBacon…

Source: Green Queen