Matereal, a Denver, CO-based plastic replacements technology company, closed a $4.5m seed funding round.
The round was led by the Collaborative Fund with participation from Better Ventures, Alante Capital, One Small Planet, Climate Capital, Sandy Spring Climate Partners, Pachamama Ventures and PDS Ventures.
The company intends to use the funds to continue to develop its technology.
Led by CEO Jacqueline Ros Amable and CTO Dr. Philip Pienkos, Matereal is advancing a chemical platform, Polaris™, offering a sustainable and safe alternative to traditional polyurethane—a historically challenging plastic to decarbonize.
Matereal’s approach combines the desirable attributes of traditional polyurethane—versatility, durability, and cost-effectiveness—with chemistry to eliminate petrochemicals and toxic isocyanates, the primary culprits behind workplace-related asthma. The Matereal™ scalable platform leverages artificial intelligence to optimize the utilization of renewable feedstocks alongside captured CO2.
FinSMEs
31/07/2024