Vegan Bacon Startup Raised Usd 60 Million

Image Credit: Myeats

Biotechnology company Ecovative Design recently raised $60 million to fund its goal of replacing animal products with -derived alternatives.

The company produces a line of different products using different strains of mycelium, the fast-growing root systems of . Under its Atlast food arm, Ecovative creates mycelium-based bacon and other meat alternatives

Under its MycoFlex platform, the company creates biodegradable foams that are being used to create makeup accessories to reduce waste in the beauty industry, and with it, MycoFlex Division is also taking steps in the fashion industry as a vegan, petroleum-free insulation in jackets, gloves, and footwear. 

The company also developed Forager, a versatile vegan leather.

Ecovative founder Eben Bayer said the $60 million in funding will be used to scale up its mushroom production, build upon its existing product lines, and create a discovery platform to develop new uses for mycelium.

 The company is planning to become a bulk supplier of its mushroom-based alternatives to , meat, and other products, and developed a manufacturing process that can produce 100,000 pounds of mycelium per year. 

Share with friends:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The reCAPTCHA verification period has expired. Please reload the page.

Vegan chicken nuggets shaped like endangered animals, why?
What are the advantages of consuming rice?
Vegan Lemon Drizzle Pound Cake
Dark Chocolate Avocado Mousse
Here Is Everything You Need to Know About Jackfruit Meat
YOU MIGHT ALSO LIKE
The 5 Healthiest Cooking Oils for Vegan Diets
Are you looking for a way to elevate your vegan meals? Look no further than cooking with oil!...
Taking out the Cow from the equation by making Vegan Meat Directly From Grass Proteins
Schouten Europe and Grassa have teamed together to research the viability of producing plant-based...
Vegan Banana Oat Muffins
Ingredients: 2 ripe bananas, mashed 1/4 cup maple syrup 1/4 cup unsweetened almond milk 1...
Pea Protein What Actually Is It?
Cattle have been a staple of the human diet for quite some time, as evidenced by prehistoric...
A plant-based diet reduces osteoporosis in women over the age of 60
According to the findings of a study that was recently published in Osteoporosis International,...
What Exactly Are Vegan Probiotics? How about gut health, and do supplements help?
Maintaining a healthy digestive system is essential to being healthy overall. Here’s...