Amsterdam, November 8, 2022: Rockstart, global early stage investor and accelerator, announces its co-investment in Biotic, a Rockstart Agrifood portfolio company. The € 2m round was led by Paseo Rosalez, UM6P Ventures, The Yield Lab Asia Pacific, Norfolk Green Ventures, Cambridge Agritech and TenNine.vc alongside Rockstart. The startup plans to use the funding to build a plant, optimize processes, and increase production capacity.
Biotic envisions a world where plastic is no longer a concern. Their mission is to produce bio-based and safe alternatives to fossil-based plastics, a ~ $500 bn market, at a competitive cost to fossil-based plastics. As a commodity manufacturer producing bioplastic flakes or pellets, their customers range across all industries. Biotic’s thermoplastic polymers fit a wide range of plastic applications, from very flexible to very ruggedized products.
Caesarea Labs:
17 Hatochen St., Caesarea Industrial Park, Israel
Pilot Plant: Michmoret
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