Cruz Foam is a technology company.
Cruz Foam has raised $22.0M across 3 funding rounds.
Key people at Cruz Foam.
Cruz Foam has raised $22.0M in total across 3 funding rounds.
Cruz Foam is a circular materials company founded in 2017 that develops certified compostable protective packaging foam made from 70% upcycled food waste, serving as a sustainable alternative to petroleum-based polystyrene foams.[1][2][6] It targets industries like electronics, appliances, consumer durables, food and beverage, with expansion plans into construction, automotive, and aerospace, solving the problem of single-use plastic waste by offering comparable performance, insulation, and compressive strength at competitive costs while fully degrading in compost within 45-100 days without ecotoxicity.[1][2][3] The company produces foam pellets compatible with existing manufacturing equipment, enabling seamless integration for partners such as Atlantic Packaging, Bay Cities, and WeatherFlow-Tempest, and demonstrates growth through production scaling to 4,200 square meters monthly in North Carolina, new facilities in Europe, North America, and Asia, plus programs like LVMH Maison des Startups.[2][3]
Cruz Foam emerged from the vision of co-founder and CEO John Felts, who initially explored using the bio-foam material for surfboards around 2017 but pivoted after recognizing its potential to address ocean plastics and single-use foam pollution.[1] Headquartered in Santa Cruz, California, the startup faced early financial challenges, with Felts taking a pizza delivery job to sustain operations while refining the technology over five years to achieve key properties like low density and strength.[1][2] Pivotal moments include securing partnerships like Atlantic Packaging as its go-to-market partner in 2023 for consumer packaging launches, collaborations with WeatherFlow-Tempest for eco-packaging by 2025, and joining LVMH's acceleration program to expand in Europe.[2][3][4]
Cruz Foam rides the wave of the circular economy and sustainability mandates, capitalizing on rising regulatory pressures against single-use plastics, consumer demand for eco-packaging, and corporate net-zero goals amid the global climate crisis.[1][2][4] Its timing aligns with market forces like EU expansion opportunities, LVMH partnerships, and tech sector shifts—e.g., WeatherFlow-Tempest's full switch by 2025—driving down plastic pollution while cutting extraction-related emissions and shipping costs through lightweight alternatives.[2][4][5] By enabling brands in electronics, appliances, and beyond to meet sustainability standards without performance trade-offs, Cruz Foam influences the packaging ecosystem, proving scalable bio-materials can disrupt petroleum dependency and inspire cross-industry adoption.[3][6]
Cruz Foam is poised for accelerated growth through 2026 via new manufacturing in Europe, North America, and Asia, broader industry penetration (e.g., automotive, aerospace), and deepened luxury/tech partnerships, fueled by trends like biodegradable mandates and AI-driven supply chains.[2] Evolving regulations and circular economy investments will amplify its influence, potentially redefining packaging as a value driver for brands. As a mission-driven innovator born from scrappy origins, Cruz Foam exemplifies how bio-foam tech can scale planetary impact without compromise.[1][3]
Key people at Cruz Foam.
Cruz Foam has raised $22.0M in total across 3 funding rounds.
Cruz Foam's investors include 8090 Industries, At One Ventures, Goat Capital, Mayfield, Path Ventures, Regeneration.VC, SOSV, VU Venture Partners, Sony Innovation Fund, CP Ventures, Emlyn Scott.
Cruz Foam has raised $22.0M across 3 funding rounds. Most recently, it raised $18.0M Series A in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $18.0M Series A | 8090 Industries, At One Ventures, Goat Capital, Mayfield, Path Ventures, Regeneration.VC, SOSV, VU Venture Partners | |
| Nov 1, 2021 | $3.0M Seed | 8090 Industries, At One Ventures, Goat Capital, Mayfield, Path Ventures, Sony Innovation Fund, SOSV, VU Venture Partners | |
| Mar 1, 2020 | $980K Seed | CP Ventures, Emlyn Scott |
