TripleW Overview
TripleW has developed an industrial process that converts food waste into the building blocks of biodegradable bioplastic, producing higher revenues from food waste treatment than from biogas production, all with minimal impact to the environment. The company’s process enables its clients to efficiently manufacture bioplastic from a variety of municipal, industrial, and agricultural food-waste streams. In addition, TripleW produces highly pure lactic acid by fermentation, made entirely from renewable carbon, for multiple industrial applications such as food and beverages, personal care, and industrial products such as sanitation and descaling. TripleW’s technology treats food waste as a third-generation renewable feedstock for the production of pure, polymer-grade lactic acid, a building block of polylactic acid (PLA bioplastic). TripleW also enables the chemical recycling of PLA back into its patented process, further reducing wastage.
Cumulative Funding Raised Over Time ($)
$700KApr 2018
$5.7MAug 2021
$10.7MJun 2019
$27.2MMar 2023
$28.4MOct 2016
Latest News
growth-positive
TripleW transforms food waste into bioplastic
Israeli startup TripleW, which converts food waste into lactic acid for use in cleaning products, cosmetics, and biodegradable plastic, is planning to expand its operations. The company, which has raised $52 million to date from investors including the Hutchison Group, Eddie Shalev, and Motti Kirschenbaum, has an advanced pilot plant in Belgium and is in the process of building new production facilities. The companys process cuts the production cost of bioplastic by 30% or more and reduces carbon emissions. The company plans to start sales in 2025.
InvestmentExpand
growth-positive
TripleW raises $16.5 million Series B to produce lactic acid and bioplastic from food waste | CTech
TripleW, an Israeli startup, has raised $16.5 million in Series B funding for its lactic acid and PLA bioplastic made from 100% food waste. The funding will enable TripleW to scale its technology from demo scale to commercial scale and expand its waste management installations. The companys technology offers a low-cost, versatile alternative to fossil-based materials without the need for green premiums. TripleW has previously raised $19 million, including grants from various organizations. The investors in this funding round include Firstime VC, Israel Oil and Gas Fund, LG Technology Ventures, Millennium Food-Tech VC, Consensus Business Group, Eddy Shalev, John Zyskind, and Tal Shapira.
InvestmentExpand
The Israeli startup turning garbage into gold - sort of - I24NEWS
growth-positive
TRIPLEW ClimateTech Food Waste Upcycling Process Goes Commercial
De Smet Engineers & Contractors (DESC) is partnering with TripleW to industrialize the production of high-value lactic acid made from food waste. TripleW has developed a process for decarbonizing food waste and producing lactic acid, which can be used in various industries. DESC, specializing in biorefineries, is designing the integration of TripleWs technology into an existing waste processing facility. The target plant capacity is 20,000 tons of lactic acid per year. The partnership aims to combine the production of biomaterials, green energy, and organic fertilizer, contributing to the circular economy. The facility will also utilize PLA bioplastic waste for the production of lactic acid. The collaboration demonstrates DESCs commitment to environmental transition efforts.
PartnersExpand
growth-positive
מילניום פוד טק: חברת הפורטפוליו TripleW השלימה סבב השקעה של 5 מיליון דולר
Consensus Business Group (CBG) and Millennium Food Tech have invested in TripleW, a company specializing in industrial biotechnology for organic waste management. CBG invested $850,000 in TripleW as part of a $5 million funding round. Millennium Food Tech also invested $3 million in the company. TripleW has raised over $17 million in total and has received grants from various innovation authorities. The companys technology contributes to carbon neutrality in the global economy. CBG is a British investment group with a portfolio of international investments in various sectors. TripleW was founded in 2016 and employs 20 people in Belgium and Israel.
Investment
| Sector | Industrial Technologies |
Funding
| Total funding | $32.5M |
| Last funding | $16.5M |
| Stage | B |
| Rounds | 8 |
| Investors | 10 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.triplew.co/ |
Locations
Giborey Israel st. 7C, Netanya
Gaston Crommenlaan 8, 9050 Ghent, Flemish Region, Belgium
12700 Park Central Drive, Dallas, Texas 75251, USA
Photos & Videos
1 item(s)
TripleW Business
Business models
B2G, B2B
Product stage
Released
Employees
11-50
Sector
Climate TechClean Industry Tech Sustainable Materials & CircularityIndustrial TechnologiesMaterial Innovations & ApplicationsTarget Customer
Agriculture & FoodProcessed FoodsIngredientsIndustrial ManufacturingDiscrete IndustriesPackaging & ContainersEnergy, Utilities & Waste ManagementNew FuelsBiofuelsGovernment & CityMunicipalitiesCore Technology
Materials & SubstancesPolymersTags (13)
packaging-and-containersclimate-techplasticswaste-techfood-and-beveragemunicipalitieswaste-managementbiomaterialsorganic-wasterecyclingcircular-economybiotechnologyfood-wasteGeographic Markets
IsraelEuropeUnited StatesBelgiumTripleW Financials
$32.5M
Total funding
Undisclosed
Capital raised
$16.5M
Last funding
B
Funding stage
8
Total rounds
10
Investors
Cumulative Funding Raised Over Time ($)
$700KApr 2018
$5.7MAug 2021
$10.7MJun 2019
$27.2MMar 2023
$28.4MOct 2016
Private Equity Funding
B Round
Mar 2023
$16.5M
Millennium Food-Tech, Firstime VC, Consensus Business Group (CBG), Eddy Shalev, LG Technology Ventures, Israel Oil and Gas Fund
Convertible Debt
Aug 2021
$5M
Millennium Food-Tech (Lead)
,
Israel Oil and Gas Fund, Consensus Business Group (CBG), Eddy Shalev
A Round
Jun 2019
$5M
Eddy Shalev, Mordechai Kirschenbaum, Israel Oil and Gas Fund, Elah Fund
Seed
Apr 2018
$700K
Hutchison Kinrot, Undisclosed Investor(s)
Seed
Oct 2016
$1.2M
Undisclosed Investor(s), Hutchison Kinrot
Non-Equity Funding
GrantEvent
Jul 2021
$2.6M
EU Horizon 2020
GrantEvent
Jun 2019
$1M
BIRD Foundation
GrantEvent
Apr 2018
$500K
Hutchison Kinrot
TripleW Lifecycle
Cumulative Funding Raised Over Time
$700KApr 2018
$5.7MAug 2021
$10.7MJun 2019
$27.2MMar 2023
$28.4MOct 2016
All Events
B Round
Mar 2023
$16.5M
Millennium Food-Tech, Firstime VC, Consensus Business Group (CBG), Eddy Shalev, LG Technology Ventures, Israel Oil and Gas Fund
Convertible Debt
Aug 2021
$5M
Millennium Food-Tech (Lead)
,
Israel Oil and Gas Fund, Consensus Business Group (CBG), Eddy Shalev
A Round
Jun 2019
$5M
Eddy Shalev, Mordechai Kirschenbaum, Israel Oil and Gas Fund, Elah Fund
Seed
Apr 2018
$700K
Hutchison Kinrot, Undisclosed Investor(s)
Seed
Oct 2016
$1.2M
Undisclosed Investor(s), Hutchison Kinrot
GrantEvent
Jul 2021
$2.6M
EU Horizon 2020
GrantEvent
Jun 2019
$1M
BIRD Foundation
GrantEvent
Apr 2018
$500K
Hutchison Kinrot
TripleW News
9 articles
growth-positive
TripleW transforms food waste into bioplastic
Israeli startup TripleW, which converts food waste into lactic acid for use in cleaning products, cosmetics, and biodegradable plastic, is planning to expand its operations. The company, which has raised $52 million to date from investors including the Hutchison Group, Eddie Shalev, and Motti Kirschenbaum, has an advanced pilot plant in Belgium and is in the process of building new production facilities. The companys process cuts the production cost of bioplastic by 30% or more and reduces carbon emissions. The company plans to start sales in 2025.
InvestmentExpand
growth-positive
TripleW raises $16.5 million Series B to produce lactic acid and bioplastic from food waste | CTech
TripleW, an Israeli startup, has raised $16.5 million in Series B funding for its lactic acid and PLA bioplastic made from 100% food waste. The funding will enable TripleW to scale its technology from demo scale to commercial scale and expand its waste management installations. The companys technology offers a low-cost, versatile alternative to fossil-based materials without the need for green premiums. TripleW has previously raised $19 million, including grants from various organizations. The investors in this funding round include Firstime VC, Israel Oil and Gas Fund, LG Technology Ventures, Millennium Food-Tech VC, Consensus Business Group, Eddy Shalev, John Zyskind, and Tal Shapira.
InvestmentExpand
The Israeli startup turning garbage into gold - sort of - I24NEWS
growth-positive
TRIPLEW ClimateTech Food Waste Upcycling Process Goes Commercial
De Smet Engineers & Contractors (DESC) is partnering with TripleW to industrialize the production of high-value lactic acid made from food waste. TripleW has developed a process for decarbonizing food waste and producing lactic acid, which can be used in various industries. DESC, specializing in biorefineries, is designing the integration of TripleWs technology into an existing waste processing facility. The target plant capacity is 20,000 tons of lactic acid per year. The partnership aims to combine the production of biomaterials, green energy, and organic fertilizer, contributing to the circular economy. The facility will also utilize PLA bioplastic waste for the production of lactic acid. The collaboration demonstrates DESCs commitment to environmental transition efforts.
PartnersExpand
growth-positive
מילניום פוד טק: חברת הפורטפוליו TripleW השלימה סבב השקעה של 5 מיליון דולר
Consensus Business Group (CBG) and Millennium Food Tech have invested in TripleW, a company specializing in industrial biotechnology for organic waste management. CBG invested $850,000 in TripleW as part of a $5 million funding round. Millennium Food Tech also invested $3 million in the company. TripleW has raised over $17 million in total and has received grants from various innovation authorities. The companys technology contributes to carbon neutrality in the global economy. CBG is a British investment group with a portfolio of international investments in various sectors. TripleW was founded in 2016 and employs 20 people in Belgium and Israel.
Investment
growth-positive
TripleW receives $2.6 million grant from EU for its lactic acid for food waste
Israeli company TripleW has received a €2.2 million grant from the European Union as part of the WASTE2FUNC consortium. TripleW converts organic waste into bioplastics and will use the funding to develop everyday consumer products made from food waste and agricultural waste. The company is a portfolio company of the Millennium Food-Tech Public R&D Partnership. TripleW will receive an initial sum of around €650,000, with the balance to be transferred in stages. The objective of the WASTE2FUNC project is to demonstrate the viability of sustainable waste streams and create cross-sectoral interconnections in bio-based economies.
Investment
growth-positive
Millennium Food-Tech leads $5m investment in TripleW
Millennium Food-Tech R&D Partnership is leading a $5 million investment round in TripleW, an Israeli startup that has developed an industrial process for producing lactic acid from food waste. The investment will be used to further develop TripleWs technology. TripleW has raised $12 million to date from various investors. The companys lactic acid can be used to manufacture renewable bioplastic polylactic acid (PLA), which has applications in various industries. TripleW has also formed a joint venture with a Belgian organic waste management company to set up a factory for producing lactic acid from food waste. The factory has a current capacity of 10 tons per day and plans to expand to 500 tons per day.
Investment
growth-positive
This Israeli cleantech startup turns the food you eat today into the food packaging of tomorrow
Israeli startup TripleW has developed a biotech solution that can turn waste from supermarkets, restaurants, and food distributors into bioplastic. The companys solution uses bacteria to dissolve food waste and release lactic acid, which can be polymerized into polylactic acid (PLA) bioplastic. TripleW recently closed a $5 million Series B round, with investors including Millennium Food-Tech, Elah Fund, and Hutchison Kinrot. The company plans to expand across Europe and North America.
PartnersInvestment
3PLW Digests Food Waste for Cost-Effective Bioplastic
TripleW Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 36 |
| Team members | 3 |
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TripleW Internal
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Admin Info
| Confidence | 98/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515371037 |
| Crunchbase | 3plw |
| Phone | +972765303777 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-05-15T00:00:00.000Z |
| Created | 2016-05-18T00:00:00.000Z |
| Claimed | Yes |