Cruz Foam is scaling the production of circular materials with existing industries catalyzing the transition of global supply chains away from harmful single-use materials for protective packaging and other uses. The first line of products targets plastic foam. The company was founded in 2017 by John Felts, CEO, and Marco Rolandi, Chief Science Officer, with a mission to replace single-use, petroleum-based plastics starting with replacements for EPS and EPE and moving into new spaces such as cold chain and primary packaging for consumer packaged goods. The sustainable packaging market is expected to grow to $358B by 2028.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/28/22 | $18,000,000 | Series A |
At One Ventures One Small Planet Regeneration.VC. SoundWaves | undisclosed |
