Ecovative, a US-based materials science company developing home-compostable biomaterials based on mycelium and backed by 3M’s corporate venturing unit, has raised $60m in its series D round.
Hedge funds Viking Global Investors, which led the round, Senator Investment Group and AiiM Partners and VC firm Trousdale Ventures and other investors provided the money.
This funding will support its Mycelium Foundry. Mycelium is the root structure of mushrooms and can grow materials that self-assemble into complex, fully-formed structures.
Ecovative said its…
