traceless materials

The financing round was led by UB FIGG and SWEN CP’s Blue Ocean fund. traceless materials secures the funding to expand the production capabilities for its innovative biomaterial technology to industrial scale. Hamburg, Germany – September 25, 2023. Bioeconomy startup traceless, which produces a natural biomaterial as an alternative to plastic, announces the completion of a €36.6 million funding round. The Series A funding round is led by private equity fund UB Forest Industry G

The funding lays the foundation to bring an advanced natural material to market that solves the global plastic pollution. The Hamburg-based, female-founded startup traceless materials has developed a holistically sustainable alternative for plastics and bioplastics that is fully compostable in nature, contributing to solve the global plastic pollution. The circular bioeconomy startup was now able to raise a lower million Euro amount in its first financing round from Planet A, HTGF and b.v