# Biotic Circular Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/biotic-circular-technologies

- Industry: Environmental Services
- Headquarters: Israel
- Website: www.biotic-labs.com
- Total disclosed funding: $2.1M
- Latest round: Seed (Nov 8, 2022)
- Investors on record: 6

## About

Based in Israel, and founded in 2020 by Adi Goldman (CEO), and Eran Perlstein (COO), Biotic Circular Technologies Ltd. operates as a manufacturing company that develops biodegradable PHBV polymers to manufacture pollution-less plastic. In November 2022, Biotic Circular Technologies Ltd. raised EUR 2 million in seed funding co-led by an individual investor, and Cambridge Agritech Ltd, Norfolk Green Ventures, TenNine.vc, etc.

Biotic Circular Technologies Ltd. creates bio-based plastic substitutes for fossil-based plastics. The biotic process extracts the carbon source of plant material, seaweed, which grows naturally in every ocean and has a positive environmental impact and competes with arable land. The company uses saline water is used in the process, which reduces energy usage and pollutants risks.

The company plans to use the November 2022 funding to further optimize its system and its capacity.

## Funding rounds

- Seed, Nov 8, 2022, $2.1M — Rockstart Enterprises, The Yield Lab, Cambridge Agritech Ltd, UM6P Ventures, Norfolk Green Ventures, TenNine.vc

## Investors

- Rockstart Enterprises (https://capitalatlas.ai/funds/rockstart-enterprises) — Seed
- The Yield Lab (https://capitalatlas.ai/funds/the-yield-lab) — Seed
- Cambridge Agritech Ltd — Seed
- UM6P Ventures (https://capitalatlas.ai/funds/um6p-ventures) — Seed
- Norfolk Green Ventures (https://capitalatlas.ai/funds/norfolk-green-ventures) — Seed
- TenNine.vc (https://capitalatlas.ai/funds/tennine-vc) — Seed