Solutum

Company Overview

Snapshot

Founded in August 2017 by Sharon Barak, Solutum is a startup with 11–50 employees. The company has raised $9 million across 8 funding rounds from 5 investors. In September 2024, Solutum partnered with pester pac automation to integrate its sustainable film material into Pester's packaging systems, offering an eco-friendly alternative to conventional packaging films.

Business overview

Solutum develops sustainable alternatives to single-use plastic, focusing on flexible packaging solutions. Its core technology is a patented compound that enables the production of packaging with versatile end-of-life options, designed to reduce plastic waste without environmental impact. The material boasts high tensile strength and superior impact resistance, and is compatible with existing converter machines in the plastics supply chain. Solutum serves markets involved in packaging, including industries like food and beverage and consumer packaged goods, operating within the Industrial Technologies and Climate Tech sectors.

Strategic signal

In September 2024, Solutum announced a strategic partnership with pester pac automation to integrate its biodegradable film into Pester's packaging systems. This collaboration is significant as it validates Solutum's material for efficient processing on existing industrial machinery, addressing a key barrier to adoption for sustainable packaging solutions. For investors, this signals strong market traction and a clear pathway for scaling production and widespread adoption of Solutum's technology, positioning the company as a critical enabler in the shift towards a circular economy in packaging.

Company Intelligence Q&A

What is Solutum's primary offering?

Solutum develops sustainable alternatives to single-use plastic, offering a patented compound for flexible packaging that is biodegradable and recyclable. This material is designed to reduce plastic waste without environmental impact.

What significant partnership did Solutum announce in September 2024?

In September 2024, Solutum partnered with pester pac automation to integrate its sustainable film material into Pester's stretchwrapping and overwrapping machines. This collaboration aims to offer an environmentally friendly alternative to conventional packaging films.

What was the outcome of Solutum's participation in the Pack Expo in November 2024?

In November 2024, Solutum showcased its biodegradable plastic alternatives at the Pack Expo in Chicago, an event that highlighted the importance of sustainability in the packaging industry. The company's product was noted for being stronger than traditional plastic and capable of biodegrading in various environments.

What leadership appointment did Solutum make in July 2024?

In July 2024, Solutum appointed Daniel Friedmann, a business veteran, as Corporate Director and Board Member. Friedmann's experience is expected to help scale Solutum's innovative packaging solutions and drive growth.

Did Solutum receive any recognition from LG?

In January 2023, Solutum was recognized as one of the winning teams of the LG LIFE'S GOOD AWARD, which supports global innovators with solutions for environmental sustainability.