Nfinite Nanotech Revolutionizes Eco-Friendly Packaging with Nanotechnology
May 15, 2024, 7:40 am
Location: Canada, Ontario, Waterloo
Employees: 1-10
Founded date: 2021
Total raised: $6.75M
Nfinite Nanotech, a pioneer in plastic-alternative nanocoatings, recently closed a game-changing USD 6.5M SEED financing round to transform the world of flexible food packaging. Led by Collateral Good and with strategic investment from Suzano Ventures, Nfinite Nanotech is set to revolutionize the sustainable packaging industry with its advanced material nanocoating technology.
Nfinite Nanotech's ultrathin and high-performance barrier coating enables the use of truly sustainable packaging at a commercial scale, maintaining recyclability and compostability while preserving product freshness and shelf life. With a global plastic waste crisis looming, Nfinite Nanotech's innovative approach addresses the critical barrier problem hindering the adoption of eco-friendly materials.
CEO Chee Hau Teoh expressed excitement about the funding, highlighting the company's commitment to scaling operations, enhancing R&D capabilities, and solidifying its market position as a leader in eco-friendly packaging. With 400 million tonnes of plastic waste generated annually worldwide, the market for sustainable packaging is expected to reach USD 737.6 billion by 2030, driving consumer packaged goods companies and packaging manufacturers to prioritize sustainability.
Collaborating with industry giants like Amcor and Mitsubishi Corporation, Nfinite Nanotech is at the forefront of driving innovation in the sustainable packaging space. Their partnership with Suzano Ventures, a key player in the global pulp and paper industry, further solidifies their position as a game-changer in the quest for greener packaging solutions.
Nfinite Nanotech's advanced nanocoatings pave the way for a revolution in flexible food packaging, offering fully compostable and recyclable alternatives. With a focus on creating a circular economy and minimizing environmental impact, Nfinite Nanotech is poised to lead the charge towards a more sustainable future.
Nfinite Nanotech's ultrathin and high-performance barrier coating enables the use of truly sustainable packaging at a commercial scale, maintaining recyclability and compostability while preserving product freshness and shelf life. With a global plastic waste crisis looming, Nfinite Nanotech's innovative approach addresses the critical barrier problem hindering the adoption of eco-friendly materials.
CEO Chee Hau Teoh expressed excitement about the funding, highlighting the company's commitment to scaling operations, enhancing R&D capabilities, and solidifying its market position as a leader in eco-friendly packaging. With 400 million tonnes of plastic waste generated annually worldwide, the market for sustainable packaging is expected to reach USD 737.6 billion by 2030, driving consumer packaged goods companies and packaging manufacturers to prioritize sustainability.
Collaborating with industry giants like Amcor and Mitsubishi Corporation, Nfinite Nanotech is at the forefront of driving innovation in the sustainable packaging space. Their partnership with Suzano Ventures, a key player in the global pulp and paper industry, further solidifies their position as a game-changer in the quest for greener packaging solutions.
Nfinite Nanotech's advanced nanocoatings pave the way for a revolution in flexible food packaging, offering fully compostable and recyclable alternatives. With a focus on creating a circular economy and minimizing environmental impact, Nfinite Nanotech is poised to lead the charge towards a more sustainable future.