Sector
Climate TechClean Industry Tech Sustainable Materials & CircularityIndustrial TechnologiesMaterial Innovations & Applications
Target Customer
—
Core Technology
Materials & SubstancesPolymers
Tags (15)
biodegradablealgaeplasticspharma-companiesbiomaterialsagriculturefood-and-beveragepolymerscircular-economyclimate-techpackaging-and-containersenvironmental-technologiesautomotivematerialsflexible-packaging
Biotic Financials
Undisclosed
Capital raised
Cumulative Funding Raised Over Time ($)
—Aug 2021
$1.5MJan 2024
$3.0MNov 2022
Private Equity Funding
Paseo Rosales (Lead)
,
UM6P Ventures, The Yield Lab Asia Pacific, Norfolk Green Ventures, TenNine.vc, Cambridge Agritech, Rockstart Accelerator
Non-Equity Funding
Israel Innovation Authority
EIT - European Institute of Innovation and Technology
Biotic Lifecycle
Cumulative Funding Raised Over Time
—Aug 2021
$1.5MJan 2024
$3.0MNov 2022
All Events
Paseo Rosales (Lead)
,
UM6P Ventures, The Yield Lab Asia Pacific, Norfolk Green Ventures, TenNine.vc, Cambridge Agritech, Rockstart Accelerator
Israel Innovation Authority
EIT - European Institute of Innovation and Technology
Biotic News
4 articles
Aug 1, 2024 ·
growth-positive
Biotic - Building a world where plastic is no longer a concern.
Biotic, co-founded by Adi Goldman and Eran Perlstein, is focused on manufacturing fully bio-based and biodegradable PHBV polymers using marine biomass. Their precision fermentation process aims to replace fossil-based plastics and eliminate the need for recycling. The company offers a scalable, circular solution that uses saline water and green extraction techniques. Biotics polymers are designed to be a drop-in solution for existing production lines and fully biodegrade in any environment. The company is seeking opportunities for partnership, investment, pilot projects, and business development.
InvestmentPartners
Climate Solutions Prize: Continental Honors Winner of Tech Challenge on Pioneering Sustainable Materials
Continental has partnered with Startup Nation Central (SNC) to seek innovative sustainable materials for automotive technologies. The first winner of their Climate Solutions Prize is Biotic, an Israel-based start-up that focuses on biological alternatives to plastics. Biotics winning solution uses algae and seawater as raw materials to modify the properties of plastic, potentially replacing several fossil-based components and packaging in the automotive industry. Continental and Biotic are preparing a proof of concept with the intention to form a long-term cooperation.
PartnersExpand
Biotic raises €2m seed round to commodify biodegradable plastic materials
Rockstart has co-invested in Biotic, a company that produces bio-based and safe alternatives to fossil-based plastics. The €2m funding round was led by several investors, including Paseo Rosalez, UM6P Ventures, and The Yield Lab Asia Pacific. Biotic plans to use the funding to build a plant, optimize processes, and increase production capacity. The startups mission is to reach a zero-plastic future by replacing petroleum-based plastics with biodegradable materials. The investment will support Biotics growth and enable the transition from fossil fuel-derived plastics. Plastic production has been a major contributor to climate change, and Biotic aims to solve this problem without increasing food waste or costs. The companys innovative technology uses seaweed as a feedstock and has positive environmental effects. Biotics polymers fit a wide range of plastic applications and can be seamlessly integrated into existing production lines.
Investment
פיתוח ישראלי: פלסטיק סביבתי בניחוח ים
Israeli company Biotic has developed a new environmentally friendly and biodegradable alternative to plastic made from seaweed. The company presented its solution at the international Rethinking Materials conference in London. Biotics plastic alternative has similar thermal properties to regular plastic and can be used in existing production lines. The company claims that their product is fully biodegradable in any environment, breaking down into carbon and water within a few months. Biotic is currently working on scaling up their production capabilities.
InvestmentExpand
Biotic Team
Adi Goldman
CEO & Co-founder
Founder
Eran Perlstein
Co-founder & COO
Founder
Einat Truger
Business Development & Marketing
Employee Info
| Employees (range) | 11-50 |
| Exact count | 32 |
| Team members | 5 |
Similar Companies
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