According to an article in CrunchBase, there has been a record investment in cleantech start-ups focused on waste packaging reduction.
According to CrunchBase data, there are at least seven companies over the past three years that have raised over $20 million (U.S.) in capital that are in that are focused on sustainable packaging.
The eco-packaging start-up that has raised the most capital, Zume, originally started out as robot-enabled pizza prep and delivery business before pivoting to sustainable packaging after acquiring a company called Pivot Package. The company is focused on reducing the amount of food that is wasted by attempting to balance the supply and demand for food. Zume uses real-time food consumption data and predictive analytics to help food companies better predict demand, connect it with production and drive better resource decisions down the food supply chain.
One of the seven start-ups noted in the database is Ontario-based GreenMantra Technologies, a company that produces value-added synthetic waxes, polymer additives, and other chemicals from recycled plastic. GreenMantra claims that it is the first company in the world to up-cycle post-consumer and post-industrial recycled plastics into synthetic polymers and additives that meet specific performance requirements for industrial applications.