StarchTek (Equity)
Funding Details
- Awarder
- StartEngine
- Date Award
- September 02, 2022
- Vertical
- Manufacturing
- Funding URL
- View Funding Page
- Premoney Valuation
- $10,620,000
- Valuation
- $10,620,000
- Funding Amount:
- $122,492,250,000
Company Info
- Founding Year
- 2022
- Traction
- StarchTek is in the prototyping stages with 8 patents and aims to launch products in 2023. They have developed multiple formulas for StarchaFoam™ and have garnered interest from raw material processors, paper companies, and packaging manufacturers.
- Organizations Involved
- None
- Founders
- John Danny Dubuk, Kerry Colton, Dr. Graham M. Chapman
- Company Description
- StarchTek offers a turn-key starch-based manufacturing licensing solution as an alternative to Styrofoam. They aim to replace plastics with biomaterials, specifically focusing on developing sustainable, patented StarchaFoam™ as an eco-friendly alternative to Styrofoam packaging. StarchTek's business model involves licensing their formulations and processes to packaging manufacturers, providing a sustainable and biodegradable solution to the global plastic pollution problem.
- Market
- Protective Packaging
- Location
- Wilmington, DE, US
- Coinvestors
- None