EF Polymer, a startup specializing in organic super absorbent polymers, has secured JPY 1 billion (about USD 6.6 million) in its Series B funding round. The company aims to tackle global water challenges while supporting farmers’ livelihoods.
Founded to create biobased alternatives to petroleum-derived absorbents, EF Polymer’s products help reduce water and fertilizer usage. This innovation allows for improved agricultural yields and is branching into non-agricultural markets, including cosmetics and personal care products.
Since launching sales in India in 2020, EF Polymer has sold over 400 tons of its products globally, including markets in Japan, the U.S., and France. As climate change intensifies concerns over drought and rising fertilizer costs, global demand for EF Polymer’s solutions is increasing. The company is currently conducting commercial trials in over 20 countries and aims to enhance operations in key markets. It plans to expand into sectors such as horticulture, landscaping, and urban greening.
The startup is also entering non-agricultural industries, exemplified by a recent biodegradable ice pack developed with Iwatani Corporation. Additionally, EF Polymer has partnered with Soken Chemical to produce absorbent sheets. These initiatives align with the company’s goal to provide sustainable alternatives to petroleum-based ingredients across various sectors.
EF Polymer focuses its research and development on several areas, including diversifying raw materials, establishing a closed-loop production model, and scaling manufacturing. The recently acquired funds will support these efforts, along with business development initiatives and the establishment of a new overseas manufacturing facility.
Investors in this funding round include Universal Materials Incubator, MTG Ventures, Bank of the Ryukyus, Future Food Fund, and Shinryo Fund. A second closing is planned for this summer to complete the Series B round. The company’s leadership emphasizes a commitment to creating sustainable solutions that benefit both society and the environment.
