# Cruz Foam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cruz-foam

- Industry: Renewable Energy
- Headquarters: Santa Cruz, US
- Website: www.cruzfoam.com
- Total disclosed funding: $26M
- Latest round: Series A (Sep 27, 2022)
- Investors on record: 7

## About

Cruz Foam, Inc. develops sustainable packaging solutions, focusing on eco-friendly foam alternatives that reduce environmental impact while providing efficient protection for shipped goods.Cruz Foam, Inc. was founded in 2017 in Santa Cruz, US. The company specializes in biodegradable foam packaging, with a focus on sustainability in the shipping industry. Marco Rolandi founded the company, and it has engaged in 7 deals to date. In September 2022, Cruz Foam secured USD 23.59 mn in Series A funding, led by Helena Capital, with participation from At One Ventures, One Small Planet, Regeneration.vc, and Sound Ventures. The company has raised a total of USD 23.59 mn to date and holds a current valuation of USD 79.33 mn.Cruz Foam specializes in sustainable foam packaging solutions that protect shipped items while minimizing environmental impact. Their core product, Cruz Foam™, is a biodegradable packaging material that disintegrates after use, preserving the ecological balance. Lomi-Approved for composting, it is marketed to a diverse clientele, including e-commerce platforms and logistics companies focused on sustainability, primarily in North America and Europe.Cruz Foam generates revenue through direct B2B transactions with retailers and distributors focused on sustainable practices. The company offers its flagship product, Cruz Foam™, as part of tailored packaging solutions for bulk orders that integrate easily into clients’ operations, catering to various market segments with adaptable pricing models.In September 2022, Cruz Foam raised USD 23.59 mn in Series A funding to enhance and increase production capabilities. The company aims to expand its product range and is targeting new geographic markets, specifically in regions with stringent environmental regulations. This funding will support the rollout of their upcoming products and facilitate further market penetration.

## Funding rounds

- Series A, Sep 27, 2022, $24M — Sound Ventures, Helena Capital, At One Ventures, Regeneration.VC, One Small Planet
- Seed, Nov 10, 2021, $2.5M — Sony Innovation Fund, At One Ventures, Regeneration.VC
- Seed, Nov 23, 2020 — CP Ventures
- Seed, Dec 20, 2019 — CP Ventures

## Investors

- CP Ventures (https://capitalatlas.ai/funds/cp-ventures) — Seed
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Seed
- At One Ventures (https://capitalatlas.ai/funds/at-one-ventures) — Seed, Series A
- Regeneration.VC (https://capitalatlas.ai/funds/regeneration-vc) — Seed, Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A
- Helena Capital (https://capitalatlas.ai/funds/helena-capital) — Series A
- One Small Planet — Series A