# BastCore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bastcore

- Industry: Agribusiness
- Headquarters: Omaha, US
- Website: www.bastcore.com/
- Total disclosed funding: $2.8M
- Latest round: Series A (Apr 21, 2021)
- Investors on record: 1

## About

BastCore is an innovative company specializing in advanced hemp processing technologies, delivering environmentally friendly alternatives for the textile and construction industries through its unique product offerings.Founded in 2014 in Omaha, US, BastCore focuses on advanced hemp processing technologies. The company has not undergone any significant pivots but has remained dedicated to its core mission. BastCore was established by McMillan Arrington, with Coleman Beale serving as CEO. The company raised USD 2.8 mn in Series A funding on April 21, 2021, led by Poseidon Asset Management, marking its first significant investment target.BastCore specializes in advanced hemp processing technologies, offering products such as Tfiber™, a textile-grade fiber; Cfiber™, a composite-grade bast fiber; Ccore™, chipped core wood; and Mcore™, micronized core wood. These products cater to diverse industry needs, particularly in construction and textiles, and are marketed as sustainable, durable alternatives to traditional materials like cotton.BastCore’s revenue model is based on direct B2B transactions and partnerships with retailers and manufacturers, generating income from sales of proprietary products such as Tfiber™ and Cfiber™. This approach facilitates long-term relationships with clients and reflects the premium nature of its offerings, supporting the company’s growth in the marketplace.Following its Series A funding in April 2021, BastCore plans to enhance its proprietary decortication and degumming technology and expand its personnel to meet demand in the textiles market and beyond. The company aims to introduce new product lines in the upcoming year while targeting expansion into additional geographic markets, bolstering its position in the industry.

## Funding rounds

- Series A, Apr 21, 2021, $2.8M — Poseidon Asset Management

## Investors

- Poseidon Asset Management (https://capitalatlas.ai/funds/poseidon-asset-management) — Series A