Fundz

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

PRIVATENov 08, 2022

Amount Raised

€2 Million

Round Type

Seed

Agriculture 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.

Quick answer

Biotic raised €2 Million in a Seed round, dated November 8, 2022.

How much did Biotic raise?
Biotic raised €2 Million in a Seed round on November 8, 2022.
What does Biotic do?
Biotic envisions a world where plastic is not a concern.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming around the same time

Companies in the same sectors as Biotic that raised within 45 days of this round, from Fundz verified event records.

  • B Boys raised $1.2M (Seed) on December 21, 2022.
  • Trulieve raised $72M (Funding Round) on December 21, 2022.
  • Eion raised $12M (Series A) on December 15, 2022.
  • Winter Farm raised $34M (Funding Round) on December 15, 2022.
  • Basecamp Research raised $20M (Funding Round) on December 14, 2022.
  • Barnstorm Agtech raised an undisclosed amount on December 14, 2022.

Who to call at Biotic, and when

A new round usually means Biotic is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Biotic

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 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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