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High Tech Series A Founded 2015

Gaia

GAIA BioMaterials develops and manufactures Biodolomer, a proprietary biodegradable and compostable biomaterial that performs like conventional plastic but decomposes naturally, leaves no microplastics, and results in 80% less CO2 emissions compared to traditional plastics. The company offers granules compatible with multiple conversion technologies including film blowing, injection molding, sheet extrusion,…

📍 Helsingborg, Sweden · Advanced Materials,

Funding snapshot

Last roundSeries A
Amount$5M
Date3 April 2024
Total raised$6M
Team size18

About

GAIA BioMaterials develops and manufactures Biodolomer, a proprietary biodegradable and compostable biomaterial that performs like conventional plastic but decomposes naturally, leaves no microplastics, and results in 80% less CO2 emissions compared to traditional plastics. The company offers granules compatible with multiple conversion technologies including film blowing, injection molding, sheet extrusion, thermoforming, and bottle blowing, enabling manufacturers to produce sustainable alternatives for drinking cups, tubes, pipes, straws, carrier bags, waste bags, breathable films, fruit and greens pouches, wrap film, cutlery, bottles, aprons, and trays. GAIA holds a European patent for PLA-free film extrusion materials and has established a U.S. supply hub in Los Angeles in partnership with Mitsubishi International Corporation to meet growing American demand for microplastic-free materials. The company serves industries including packaging, food service, agriculture, and consumer goods, with its Biodolomer material being particularly impactful in the animal feed industry where plastic pollution is a significant concern. Founded in 2015 and headquartered in Helsingborg, Sweden, GAIA BioMaterials has raised approximately $5.7 million at the Series A stage from investors including Europa, Almi Invest, and Latour Industries.

Business model

Advanced Materials > Biomaterials > Biodegradable Polymers

Team background

College Wise > London School of Economics and Political Science, University of California (Los Angeles), University of California (Berkeley)

Institutional investors

Mirana Mantle Network Bytetrade Lab EVM Fund Evmcapital Taisu NGC Ventures Selini Capital Presto Ventures Stake Capital Factblock G Amber Group Cogitent Paper Ventures

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