Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Cruz Foam Secures $18M in Series A

2022-10-28
SANTA CRUZ, CA, Cruz Foam, a circular materials company, announced an $18M Series A funding round.
Cruz Foam, a circular materials company providing bio-based, regenerative replacements for single-use plastic in the multi-billion dollar packaging industry, announced an $18M Series A funding round led by the problem-solving group, Helena. The round was joined by One Small Planet, Regeneration.VC, At One Ventures, and SoundWaves.

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.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors