Solutum is a Cleantech start-up that develops a unique formula for plastic bags to dissolve in water.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Jerusalem
State: Yerushalayim
Zip:
Country: Israel
Solutum is a Cleantech start-up that develops a unique formula for plastic bags to dissolve in water. The company&s;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.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2020 | Seed Round | 3 | $1.5M |
JAL Ventures Rhodium ZORA Ventures Daniel Recanati JAL Ventures Rhodium ZORA Ventures |
11/2018 | Grant | 1 | $39.3k |
MassChallenge MassChallenge |
2/2020 | Seed Round | 1 | - |
Daniel Recanati Daniel Recanati |
2/2020 | Seed Round | 1 | - |
Daniel Recanati Daniel Recanati |
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