Suzano Ventures
Assembly Line
Bioform Technologies raise $5M to develop bio-based single use plastic alternatives
Bioform Technologies just secured $5 million in seed funding from Brazilian VC Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer. Recently, the VC backed Allotrope Energy. Also, similar startups such as Sparxell and Traceless Materials raised investments in the same category.
The funding will enable the company to accelerate the development of its novel bio-based plastic alternatives, realise a demonstration facility to pilot the manufacturing process and expand its team and capabilities.