Evolved By Nature Funding, Investors & Competitors

Evolved By Nature has raised $190M across 2 funding rounds, most recently a $120M Series C in June 2022.

Last Evolved By Nature funding round

$120M

Series C · Jun 2022

Cumulative funding Evolved By Nature raised

$190M

across 2 funding rounds

Key investors in Evolved By Nature

  • Mousse Partners
  • The Kraft Group
  • Jeffrey Vinik
  • CHANEL
  • Roy O. Disney
  • Emerald Development Managers
  • Teachers’ Venture Growth
  • Senator Investment Group

Evolved By Nature Overview

About Evolved By Nature

Evolved By Nature is a Boston-headquartered biotechnology firm that develops Activated Silk technology from silk proteins derived from silkworm cocoons. This platform produces sustainable alternatives for textiles, personal care products, and medical applications by replacing petroleum-based chemicals. The company, launched in 2013 by engineers Rebecca Lacouture and Gregory Altman, holds dozens of patents filed since 2014 for silk fibroin formulations. Partnerships with brands in cosmetics and fashion enable high-performance, biodegradable materials that enhance durability and moisture management in fabrics and skincare.


Founded

2013

HQ

United StatesBoston, MA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Evolved By Nature Funding History

Evolved By Nature has raised a total of $190M across 2 funding rounds.

Evolved By Nature's first fundraising round was a $70M Series B in December 2021. The most recent completed round was a $120M Series C in June 2022.

Evolved By Nature funding rounds

Evolved By Nature funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2022Series CSenator Investment Group (lead); Teachers’ Venture Growth (lead); Jeffrey Vinik; The Kraft Group; Roy O. Disney; Mousse Partners; Emerald Development Managers; CHANEL$120MEvolved By Nature, a Boston-based biotechnology company founded in 2013, develops a proprietary library of Activated Silk™ molecules derived from natural silk protein to create sustainable alternatives to petrochemicals and fossil fuel-derived synthetics. The technology targets disruptions in supply chains for leather, apparel, personal care, and regenerative medicine by providing renewably sourced bioactive ingredients, therapeutics, and sustainable chemicals that enhance product performance and support the circular economy. On June 30, 2022, Evolved By Nature closed a $120 million Series C funding round led by Teachers’ Venture Growth (TVG), part of the Ontario Teachers' Pension Plan Board, and Senator Investment Group. Existing investors participating included CHANEL, Emerald Development Managers, Jeffrey Vinik, Mousse Partners, Roy O. Disney, and The Kraft Group. The financing coincides with the launch of the company’s first full-scale production facility, enabling a ramp-up to 900 metric tons of annual Activated Silk™ production from a prior capacity of 150 tons by 2024. The funds will scale global sales of biodegradable, high-performance finishes adopted by fashion brands like Anya Hindmarch, nylon mills such as Alpine Creations and Apex Holdings, and leather tanneries including Richard Hoffmans GmbH & Co. KG, Cyclica Srl, and Curtidos Bengala. Proceeds will also advance Activated Silk skin barrier-enhancing ingredients as natural replacements for petrolatum and synthetic retinoids in personal care products, alongside pursuits in therapeutics for skin conditions. Evolved By Nature's Activated Silk technology aims to replace petrochemical coatings, potentially equating to 900 million jars of petrochemical-free skincare, 150 million square feet of biodegradable leather, finishes for 195 million pieces of performance apparel, or 7,200 metric tons of non-biodegradable surfactants. This reflects growing investor interest in next-gen materials, amid similar raises by competitors like MycoWorks ($125M Series C) and others in sustainable fashion and biotech.
Dec 2021Series BJeffrey Vinik; The Kraft Group; Roy O. Disney; Mousse Partners; CHANEL$70M-

Who has invested in Evolved By Nature?

8 investors have backed Evolved By Nature across its funding rounds, including Mousse Partners, The Kraft Group, Jeffrey Vinik, CHANEL, Roy O. Disney and Emerald Development Managers.

Lead investors include Senator Investment Group and Teachers’ Venture Growth.


Evolved By Nature Investors

Investors in Evolved By Nature by funding rounds participated
InvestorHQRoundsRoleFirst check
Jeffrey VinikUnited StatesDeal, NJ2ParticipantDec 2021
The Kraft GroupUnited StatesBoston, MA2ParticipantDec 2021
Roy O. Disney--2ParticipantDec 2021
Mousse PartnersUnited StatesNew York City, NY2ParticipantDec 2021
CHANELFranceParis2ParticipantDec 2021
Teachers’ Venture GrowthCanadaToronto1LeadJun 2022

This data is available for Pro users. Sign up to see all 8 Evolved By Nature investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Evolved By Nature Competitors

Evolved By Nature competitors include listed companies like Hydrograph Clean Power, First Solar and Nextracker, and private ones like Nanotech Energy, Phoenix Tailings and Fortera.

Public and private companies comparable to Evolved By Nature
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Hydrograph Clean PowerCanadaCanadaPublicly listed$43K($8M)$1.4B-
Nanotech EnergyUnited StatesLos Angeles, CAPrivate--$550M-
Phoenix TailingsUnited StatesBoston, MAPrivate--$360M-
ForteraUnited StatesSan Jose, CAPrivate--$355M-
First SolarUnited StatesUnited StatesPublicly listed$5.2B$2.1B$22B4.0x
NextrackerUnited StatesUnited StatesPublicly listed$3.6B$747M$13B2.9x

Evolved By Nature Public Comps

Evolved By Nature is still privately-owned, but its public comps include Air Liquide, Merck KGaA, Disco, Qnity Electronics, First Solar, JX Advanced Metals, Grace Fabric, Pidilite, HEC Group and Ganfeng Lithium.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Air Liquide$31B$8.6B4.5x4.4x16.4x14.3x
Merck KGaA$24B$5.3B3.1x3.1x14.3x10.7x
Disco$2.8B$1.3B11.9x10.7x26.2x22.8x
Qnity Electronics$4.8B$1.4B5.9x5.2x19.9x17.1x
First Solar$5.2B$2.1B3.8x4.0x9.7x7.7x
JX Advanced Metals$5.7B$1.1B3.9x3.6x19.6x13.3x
Grace Fabric$175M$54M112.7x52.3x367.0x112.8x
Pidilite$1.5B$390M10.6x9.7x41.2x40.5x

This data is available for Pro users. Sign up to see all Evolved By Nature competitors and their valuation data.

Start Free Trial

Common questions about Evolved By Nature

When was Evolved By Nature founded?Evolved By Nature was founded in 2013.
Where is Evolved By Nature headquartered?Evolved By Nature is headquartered in Boston, MA, United States.
Is Evolved By Nature publicly listed?No, Evolved By Nature is a private, VC-backed company.
How much funding has Evolved By Nature raised?Evolved By Nature has raised $190M across 2 funding rounds.
What was Evolved By Nature's last funding round?Evolved By Nature's last funding round was a $120M Series C in June 2022, led by Senator Investment Group and Teachers’ Venture Growth.
Who are Evolved By Nature's investors?Evolved By Nature's investors include Jeffrey Vinik, The Kraft Group, Roy O. Disney, Mousse Partners, CHANEL, Teachers’ Venture Growth, Senator Investment Group and Emerald Development Managers.
Which companies are comparable to Evolved By Nature?Companies comparable to Evolved By Nature include Hydrograph Clean Power, Nanotech Energy, Phoenix Tailings, Fortera, First Solar and Nextracker.

See companies similar to Evolved By Nature

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial