# BGF Eco Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bgf-eco-solutions

- Industry: Materials
- Headquarters: Incheon, South Korea
- Website: www.bgfecosolution.com
- Total disclosed funding: $25M
- Latest round: Series A (Aug 19, 2021)
- Investors on record: 2

## About

Based in Seoul, South Korea, and founded in 2011, BGF Eco Solutions, formerly Korea Biofoam, is a biodegradable foam plastic manufacturing company that holds seven related patents, including PLA or Polylactic Acid foaming technology that processes starch extracted from plants like plastic. The company developed PLA into foam sheets and non-foam sheets for coating or laminating, biodegradable resin, foam extrusion mechanical devices, foam sheet pressure and vacuum molding, thermal-resistant foam sheets, antibacterial sheets, and molded products. In 2019, Korea Biofoam became a grand subsidiary of BGF Ecobio.

The company develops PLA(Polylactic Acid) technology and manufactures biodegradable, recyclable non-toxic polymer products used to replace the conventional plastics in food containers, packaging, and other products of plastic components.

BGF Eco Solutions plans to expand production facilities to increase price competitiveness by putting large-scale production facilities at the forefront.

## Funding rounds

- Series A, Aug 19, 2021, $25M — White Whale Group, Meta Investment

## Investors

- White Whale Group (https://capitalatlas.ai/funds/white-whale-group) — Series A
- Meta Investment (https://capitalatlas.ai/funds/meta-investment) — Series A