erthos™, a pioneering biomaterials startup, successfully raised $6.5 million in an oversubscribed Series A funding round, bringing its total funding to $11.2 million. The company is revolutionizing the future of sustainable materials with its proprietary plant-based resin, a sustainable alternative to traditional plastics.
The funding round was led by Horizons Ventures, with participation from the51 Food & AgTech Fund, Thrive Venture Fund at BDC Capital, Francis Family Fund, Telus Pollinator Fund for Good, DcarbonVC, and Middle Cove Capital. Existing investors Golden Ventures and Bee Partners also participated.
CEO and Co-Founder Nuha Siddiqui highlighted the importance of this funding, saying, “This funding also empowers us to leverage our brand to challenge existing policies and regulations. We are living in a world where recycling rates are declining, and ‘forever chemicals’ are being widely detected in paper packaging. There are still massive gaps to bridge, and we are eager to collaborate with companies unafraid to disrupt the status quo and recognize the power of biomaterials.”
erthos™’ resins exhibit a reduced carbon footprint, full compostability, and mechanical properties akin to standard Polypropylene (PP) and Lower Density Polyethylene (LDPE) used in everyday packaging and consumer goods. The startup stands as a testament to the power of innovation, with a biomaterials platform that integrates AI-powered tools and an expanding biobased ingredient database to rapidly design sustainable resins for various compostable plastic products.
erthos™ has transformative partnerships with industry giants like AB InBev, Atlas Copco, and Vidon Plastics to develop sustainable auto-packaging materials. Less than 2% of venture capital funding typically goes to women-led startups, making erthos™ success all the more remarkable as a next-gen women-founded and led company with diversity at its core.
