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Biotic

Biotic is a technology company.

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About

Biotic develops and manufactures fully bio-based polymer commodities, offering a circular economy solution to conventional plastics. The company utilizes widely available marine biomass, processing it without the need for treated water or arable land, to produce sustainable and biodegradable alternatives that address plastic waste concerns. Its proprietary technology focuses on creating high-performance materials suitable for various industrial applications.

The company was founded in June 2020 by Adi Goldman, Eran Perlstein, and Nofar Hod. The trio identified a critical market gap and a reluctance within industries to transition from fossil-based to bio-based plastics, driven by existing cost and performance limitations. Their shared insight aimed to overcome these hurdles by commodifying bio-based materials, making them scalable and economically viable for widespread adoption.

Biotic’s products are designed for diverse industries currently reliant on traditional plastics, enabling them to integrate sustainable materials into their supply chains. The company's overarching vision is to establish a world where plastic pollution is eliminated, envisioning a future where all fossil-fuel plastics are replaced by its scalable, circular, and fully biological polymer solutions.

Financial History

Biotic has raised $2.0M across 1 funding round.

Total Raised
$2.0M
Valuation
N/A

Frequently Asked Questions

How much funding has Biotic raised?

Biotic has raised $2.0M in total across 1 funding round.