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Overview
Solutum is a Cleantech start-up that develops a unique formula for plastic bags to dissolve in water.
The company's team of chemical engineers have developed a unique compound that replaces the plastic with a cost-efficient, strong and eco-friendly solution. Solutum biodegradable products are environmentally friendly. These products aim to replace plastic which is polluting our surroundings, causing devastating harm to nature and our own health.
Each year around 350M ton of plastics are being produced around the world. About half of it is single-use products - resulting in mass pollution of the land and sea.
The plastic that reaches the sea kills more than 1 million marine animals a year. This plastic also comes back to us in the food and water, causing major health problems. Translated into money - $139 Billion globally is being spent on the overall social and environmental costs of plastic pollution every year.
Completely dissolving in water to natural and eco-friendly components, our product is a perfect and cost efficient solution to the plastic pollution.
About
CleanTech, Environmental Engineering, GreenTech
2017
1-10
Headquarters locations
Asia
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N/A
Profile Resume
Solutum headquartered in Asia, operates in the CleanTech, Environmental Engineering, GreenTech sector. The company focuses on CleanTech and has secured $36.9M in funding across 24 round(s). With a team of 1-10 employees, Solutum is actively contributing to advancements in CleanTech. Their latest funding round, Grant - Solutum, raised $39.3K. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
2
1
0
$1.5M
Details
1
Solutum has raised a total of $1.5M in funding over 1 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Seed | 1.5M |
Investors
Solutum is funded by 8 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Daniel Recanati | - | FUNDING ROUND - Daniel Recanati | 1.5M |
Yonit Serkin | - | FUNDING ROUND - Yonit Serkin | 39.3K |
Solutum | - | FUNDING ROUND - Solutum | 39.3K |
MassChallenge | - | FUNDING ROUND - MassChallenge | 39.3K |
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