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Earthodic is a Kalamazoo, Michigan-based materials science company, originally from Brisbane, Australia, that develops a bio-based, water-resistant, and recyclable coating for paper packaging called Biobarc. Utilizing lignin derived from pulp and paper industry waste, the enterprise provides a drop-in replacement for petrochemical and plastic coatings used in coffee cups, cold-chain packaging, and produce containers. The organization currently operates with a team of approximately ten employees and recently secured $4 million in an oversubscribed seed funding round in October 2024 to scale its commercial manufacturing capabilities. This financing was led by FTW Ventures, with additional participation from notable institutional investors including Tenacious Ventures, Circulate Capital, and Closed Loop Partners. Earthodic was founded by Anthony Musumeci, Fiona Donaghey, and Kate Lusvardi to advance circular economy solutions within the global commercial packaging sector and broader supply chain.
Earthodic has raised $5.8M across 2 funding rounds.
Earthodic has raised $5.8M in total across 2 funding rounds.
Earthodic has raised $5.8M across 2 funding rounds. Most recently, it raised $4.0M Seed in November 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 13, 2024 | $4M Seed | — | — | Announced |
| May 31, 2023 | $1.9M Pre Seed | Investible, Tenacious Ventures | — | Announced |
Earthodic has raised $5.8M in total across 2 funding rounds.
Earthodic's investors include Investible, Tenacious Ventures.
