Nfinite Nanotech, a Waterloo, Onterio, Canada-based creator of plastic-alternative nanocoatings, raised USD6.5M in Seed funding.
The round was led by Collateral Good, with participation from Suzano Ventures as a strategic investor alongside investment from FTW Ventures, MaRS IAF, Overlay Capital, Ponderosa, and Republic Capital, including non-dilutive funding from Next Generation Manufacturing Canada.
The company intends to use the funds to scale operations, enhance R&D capabilities, and solidify market position as pioneers in eco-friendly packaging.
Led by CEO Chee Hau Teoh, Nfinite Nanotech provides advanced nanocoatings. They leverage open-air nanocoating technology that produces ultrathin films economically to provide consumer product goods (CPG) and packaging manufacturers the ability to accelerate the production and adoption of sustainable packaging without compromising recyclability and compostability, while preserving the freshness and shelf-life of products.
Nfinite is actively working with some of the largest CPG companies and packaging manufacturers in the world.
FinSMEs
14/05/2024