Polymateria pitch deck to raise $19m Series-A round
Back To The CollectionThis is the Polymateria pitch deck to raise a $19m series-a round in 2020.
About
Polymateria is a London-based startup advancing science to help nature deal with plastic pollution. The company is developing a new standard in biodegradable and compostable plastics. Its new technology, called Biotransformation, fully biodegrades common forms of plastic, leaving behind zero microplastics with no environmental harm in the process.
The new technology is ensuring that plastic which has escaped refuse streams can fully biodegrade in the natural environment.
Polymateria’s Cycle+ brings advanced biodegradation technology to different types of plastic, without affecting its recyclability within the product’s useful life. The company DegrAid product is designed specifically for the end of life situations where recycling is not an option, e.g sealant films.
Polymateria, the plastic-busting startup fronted by Niall Dunne, a veteran executive at Accenture and telecomms giant BT, recently raised $19 million in a funding round backed by Planet First Partners.
Founded in 2015, Polymateria promises to revolutionize plastic waste by speeding up the biodegrading process, which typically takes decades or even centuries.
Working with Imperial College London, the firm says it tested its new plastic-busting solutions on polyethylene and polypropylene — two substances commonly used to make everything from bottles to shopping bags — and found a 100% success rate, breaking each down in a matter of months.
Funding rounds
Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
Jul 20, 2020 | Venture Round – Polymateria | 2 | £15M |
Planet First Partners
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