Ecovia Renewables Inc. is a biobased ingredients and materials company that was established in 2014 as a spin-out from the University of Michigan. The company's mission is to develop and commercialize high-performing biobased ingredients and materials from sustainable processes at the best value for its customers. They achieve this by leveraging microbial ecosystems.
The company's flagship product, Ecoviaâ„¢ Biopolymers, is a result of a proprietary fermentation process. These biopolymers are affordable, biobased, biodegradable, and functional alternatives to conventional acrylate and acrylamide polymers and starch-based biopolymers. The applications span across various industries including agriculture, biotechnology, and energy, with uses ranging from soil additives for water retention to thickeners for personal care and industrial products.
The company recently received a $510.00K Venture Round investment on 22 August 2023. This investment signifies a vote of confidence in Ecovia Renewables' innovative approach to sustainable materials and ingredients.
Ecovia Renewables Inc. has positioned itself as a pioneer in the field of biobased materials, offering eco-friendly alternatives that cater to a wide range of industries and applications. With its sustainable mission and innovative product range, the company is poised for further growth and impact in the biotechnology and sustainability sectors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $510.00K | - | 22 Aug 2023 | |
Convertible Note | $50.00K | 1 | 23 Jun 2020 | |
Seed Round | $1.60M | 2 | Seppic | 06 Apr 2018 |
Seed Round | Unknown | 1 | Keiretsu Forum | 01 Jan 2018 |
Grant | $1.25M | 1 | 14 Mar 2017 |
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