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

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