Check out Buyo! This Vietnamese startup creates biodegradable plastics from biowaste and plant-based materials. Now, they’ve just raised a pre-seed.
Investor check. Family office Aldebaran Capital led the round. Antler and other investors also joined in!
💻 It’s all in the tech
Most bioplastic firms use starch. But Buyo’s different! Their proprietary tech converts waste (specifically, biowaste from agriculture and food materials) into bioplastic. This also helps eliminate greenhouse gas emissions and water contamination.
Their products are designed for different use cases, like flexible packaging, rigid packaging and medical use.
♻️ The first step
They’re starting by supplying the material used in flexible packaging like edible food wrapping.
💰 What’s with the $$$?
They’re building a pilot-scale production site in Vietnam before they target clients in Europe and North America. Oh, and they’ve also filed a patent and are working to get international testing certificates!
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