Biotic Raises €2M Seed Round To Commodify Biodegradable Plastic Materials

Nov 08, 2022•about 3 years ago

Amount Raised

€2 Million

Round Type

seed

Hof HaCarmel Regional CouncilAgriculture and Farming

Description

Rockstart, global early-stage investor and accelerator, announces its co-investment in Biotic, a Rockstart Agrifood portfolio company. The € 2m round was led by Paseo Rosalez, UM6P Ventures, The Yield Lab Asia Pacific, Norfolk Green Ventures, Cambridge Agritech and TenNine.vc, alongside with Rockstart. The startup plans to use the funding to build a plant, optimize processes, and increase production capacity.

Company Information

Company

Biotic

Location

Hof HaCarmel Regional Council, Haifa District, Israel

About

Biotic envisions a world where plastic is not a concern. A world in which the consumer purchases the product in the exact same manner, and after use, tosses it to any trash without the need to sort or recycle, while the product fully biodegrades, no matter to the environment. Costs stay the same, corporations can seamlessly fulfill consumer demands, align with current consumer habits, all while restoring the planet. Biotic is a fully bio-based polymer commodity manufacturer. Our vision is to replace all fossil-fuel-plastics with a scalable, circular, fully biological, environmentally friendly process, contributing towards reducing greenhouse gases emission, reducing energy costs, and rehabilitating marine life.

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Biotic Raises €2M Seed Round To Commodify Biodegradable Plastic Materials

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