Ecovative is a US company using mushrooms to make everything from bacon to leather. It has just raised $60M in a Series D funding round led by Viking Global Investors, with contributions from Senator Investment Group, AiiM Partners, and others.
Ecovative Opens Access to Patent for Plastic-Free Mycelium-Based Materials
Ecovative, a US developer of sustainable mycelium-based technologies, has announced that it is opening access to a European patent for its plastic-free MycoComposite™ materials. All individuals and businesses in Europe can now use the materials in their innovations, providing a sustainable alternative to plastics and environmentally damaging chemicals. The patent outlines a blueprint for the creation of mycelium composites, which have the potential to cut carbon emissions across multiple industries. According to Ecovative, the patent is already in use worldwide in industries such as packaging, construction materials, architecture, and more. Interest in entrepreneurial applications of MycoComposite is reportedly increasing sharply in Europe, and Ecovative hopes to test the potential of open-access patents to spur innovation in mycelium technologies. “Picks and shovels” The news comes a …