Timeplast (Equity)
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
Funding Amount
$4,917,638
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
Market
Plastics and packaging
Location
Longwood, FL, US
Coinvestors
StartEngine Capital, LLC
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.

Links
Website
Back to HomeBack to Techno-organic material DealsView Funding Announcement