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The Brief: Not so fossil-free, zero-carbon aviation, fungus-based textiles, mobile money in Kenya, housing for L.A.'s homeless, sustainable SPACs

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Ecovative gets new round of $60 million in funding

Ecovative gets new round of $60 million in funding
Will help advance production of mushrooms which are used to make packaging, fabric
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Green Island-based Ecovative has just received an additional $60 million in funding to improve its ability to mass produce mushrooms that are processed into fabrics and packaging.Ecovative
GREEN ISLAND Ecovative, which makes fabric and packaging materials from mushroom roots, has received a $60 million round of funding to help the firm explore better ways of growing their mycelium or mushrooms, at industrial scale.
That brings the firm’s total amount of capital raised to $100 million. The latest investment is being led by Viking Global Investors, with support from Senator Investment Group, AiiM Partners, Trousdale Ventures and others. ....

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