Tenacious Ventures co-leads Earthodic's oversubscribed pre-seed round to support the development of Paperbarc™, an innovative bio-based coating aimed at revolutionizing sustainable packaging solutions.

Information on the Target

Earthodic, located in Queensland, has pioneered an innovative bio-based coating solution known as Paperbarc™. This coating transforms paper and board products into fully recyclable, repulpable, and compostable alternatives while maintaining essential properties such as water resistance and enhanced strength. Earthodic's solution addresses the critical environmental issue of plastic pollution by providing a viable substitute for conventional plastic packaging.

Utilizing natural materials like lignin—a polymer that contributes to plant structure—Paperbarc™ leverages an abundant byproduct from existing paper production processes. With its capabilities, Earthodic aims to revolutionize the packing standards within the agri-food sector, specifically in bulk and secondary packaging applications, potentially replacing non-sustainable waxed boxes used for transporting perishable goods.

Industry Overview in Australia

The demand for sustainable packaging solutions in Australia is surging, particularly within the agri-food supply chains. Major retailers such as Woolworths and Coles have made commitments to ensure that all their proprietary brand packaging is