Solutum is a technology company.
Solutum has raised $2.0M across 1 funding round.
Solutum has raised $2.0M in total across 1 funding round.
Solutum Technologies Ltd. is a cleantech company developing sustainable alternatives to single-use plastics, focusing on a patented biodegradable compound for flexible packaging that fully dissolves in water, biodegrades into eco-friendly components, and integrates with existing recycling systems.[1][2][3] Founded in 2017 and based in Tel Aviv, Israel, it targets sectors like food, fashion, and packaging to combat plastic pollution, having raised $100K while achieving certifications (e.g., TV OK) and partnerships with entities like Interseroh, CEFLEX, and pester pac automation.[1][2] The product solves the end-of-life problem of single-use plastics by enabling disposal in water, soil, or recycling without infrastructure changes, contributing to six UN Sustainable Development Goals including reducing ocean pollution and microplastics.[2][3]
Solutum was founded in 2017 in Tel Aviv, Israel, by Sharon Barak, who serves as Founder and President.[1][3] Barak's vision emerged from recognizing the urgent need for viable single-use plastic alternatives that maintain performance and economics while addressing environmental harms like microplastic leakage into food chains and oceans.[3] Early traction includes filing two patents in polymer chemistry and copolymers, entering incubator/accelerator stages, and securing partnerships such as with pester pac automation in September 2024 for environmentally friendly packaging processing.[1][2]
Solutum rides the global wave of cleantech innovation driven by regulatory pressures (e.g., EU single-use plastic bans) and consumer demand for circular economy solutions amid rising plastic waste—8 million tons enter oceans annually.[1][3] Its timing aligns with market forces favoring drop-in replacements over disruptive infrastructure shifts, positioning it against competitors like TIPA (flexible packaging, $123M raised) and Xampla (plant-based films).[1] By enabling brands to adopt sustainable materials without supply chain overhauls, Solutum influences the ecosystem, accelerating flexible packaging's shift to biodegradables and supporting net-zero goals in packaging-heavy industries.[2][3]
Solutum's water-soluble, recyclable tech positions it for expansion amid tightening plastic regulations and corporate sustainability mandates, potentially scaling via U.S. manufacturing partnerships like peers TIPA.[1][2] Upcoming trends—AI-optimized material design and global SDG-aligned investments—could boost growth, with partnerships signaling commercialization momentum.[2][3] As adoption grows, Solutum may evolve from niche cleantech player to key enabler in a plastic-free packaging future, mitigating pollution while preserving economic viability—echoing its founding mission to eliminate waste for good.[3]
Solutum has raised $2.0M in total across 1 funding round.
Solutum's investors include Bessemer Venture Partners, Blumberg Capital, Earth and beyond ventures, Hanaco Ventures, Mouro Capital, MS&AD Ventures, Tamar Technology Ventures, Tau Ventures, Team8, Daniel Shinar, Oliver Jung, Yuval Shahar.
Solutum has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in February 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2020 | $2.0M Seed | Bessemer Venture Partners, Blumberg Capital, Earth and beyond ventures, Hanaco Ventures, Mouro Capital, MS&AD Ventures, Tamar Technology Ventures, Tau Ventures, Team8, Daniel Shinar, Oliver Jung, Yuval Shahar |