Funding Details
- Awarder
- StartEngine
- Date Award
- July 21, 2023
- Vertical
- Techno-organic material
- Funding URL
- View Funding Page
- Premoney Valuation
-
$1,000,000
- Valuation
-
$40,000,000
Company Info
- Founding Year
- 2023
- Traction
- The company has successfully completed its first round of funding, averaging $1M in monthly investments for the past three months.
- Revenue Amount
-
$61,424,000
- Organizations Involved
- Nestle Global, Riverdale Global, Nestle Waters of North America
- Founders
- Manuel Rendon
- Company Description
- Timeplast is a techno-organic material that dissolves in 60 hours after being discarded in water with the potential to replace almost all types of fossil-based conventional plastics, paper, metal, and even glass applications. Currently wrapping up 15 years of R&D and prototyping, Timeplast has assembled an experienced leadership team and has been awarded 4 patents and a global supply chain.
- Market
- Plastics and packaging
- Location
-
Longwood,
FL,
US
- Coinvestors
- StartEngine Capital, LLC
Links