Biotic — Finder

About

Biotic has developed a scalable and circular solution for plastics by creating a fully biodegradable and bio-based alternative material made from PHBV (PHA) polymer. This process is environmentally friendly and can seamlessly replace traditional plastic. The PHBV polymer is derived from sea algae, which is a widely available and naturally occurring resource.

Classification

Sector

Climate TechClean Industry Tech Sustainable Materials & CircularityIndustrial TechnologiesMaterial Innovations & Applications

Core Technology

Materials & SubstancesPolymers

Business Model

B2B

Tags

biodegradablealgaeplasticspharma-companiesbiomaterialsagriculturefood-and-beveragepolymerscircular-economyclimate-techpackaging-and-containersenvironmental-technologiesautomotivematerialsflexible-packaging

Funding & Events

Sep 2021

Non-equity Undisclosed

EIT - European Institute of Innovation and Technology

Oct 2022

Non-equity $750K

Israel Innovation Authority

Nov 2022

Seed $1.5M

Paseo Rosales (Lead), UM6P Ventures, The Yield Lab Asia Pacific, Norfolk Green Ventures, TenNine.vc, Cambridge Agritech, Rockstart Accelerator

Jan 2024

Seed $1.5M