Traceless materials GmbH secures €36.6 million in Series A funding to scale its innovative bio-based alternative to plastic, with investments led by UB FIGG and SWEN CP's Blue Ocean fund.
Target Company Overview
Traceless materials GmbH, founded in 2020 and based in Hamburg, Germany, is a pioneering bioeconomy startup focused on developing natural biomaterials as sustainable alternatives to traditional plastics. Their flagship product, traceless®, is a fully bio-based, home-compostable material derived from agricultural residues, designed to effectively address the pressing issue of plastic pollution while minimizing resource consumption and environmental impact.
By implementing a patent-pending technology grounded in natural polymers, traceless materials aims to transform waste into valuable resources, boasting significantly reduced CO2 emissions and fossil energy requirements compared to conventional plastic production. The company is on a mission to scale their innovative production process, planning to construct a demonstration plant in Hamburg that will annually replace several thousand tons of fossil-based plastics.
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Industry Overview in Germany
The bioeconomy sector in Germany is rapidly gaining momentum as a response to global challenges such as climate change, resource scarcity, and environmental pollution. Increasingly, stakeholders across governmen
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UB FIGG
invested in
traceless materials
in 2023
in a Series A deal
Disclosed details
Transaction Size: $39M