# Earthodic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/earthodic-pty

- Industry: Chemicals
- Headquarters: Australia
- Website: www.earthodic.com
- Total disclosed funding: $4.7M
- Latest round: Seed (Oct 28, 2024)
- Investors on record: 12

## About

Based in Australia, and founded in 2022, Earthodic Pty Ltd. provides coatings i.e. functional biobased coatings. The company was co-founded by Albert Tietz, Fiona Donaghey, Anthony Musumeci, and Melissa Mail. In June 2023, the firm raised AUD 1.85 million in Seed funding co-led by investors Investible and Tenacious Ventures, with participation from other investors, Closed Loop Partners, and Twynam Investments.

The company offers Paperbarc which is a biobased water-resistant coating that contains USDA-certified biobased content, which is repulpable, recyclable, and compostable at the end of the life cycle. The firm coating is used for pulped or paper products.

The company plans to use the May 2023 funding to grow, scale up its technology, increase its sales and marketing efforts, and expand its intellectual property (IP) portfolio.

## Funding rounds

- Seed, Oct 28, 2024, $4M — QIC, UniQuest Limited, Closed Loop Partners, FTW Ventures, Investible, Significant Capital Ventures, Circulate Capital, Tenacious Ventures, Branch Venture Group, Redstick Ventures
- Seed, Feb 28, 2023, $0.6M — Closed Loop Partners, Investible, Twynam Investments, Tenacious Ventures, Boutique Capital

## Investors

- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Seed
- Twynam Investments (https://capitalatlas.ai/funds/twynam-investments) — Seed
- Tenacious Ventures (https://capitalatlas.ai/funds/tenacious-ventures) — Seed
- Boutique Capital — Seed
- QIC (https://capitalatlas.ai/funds/qic) — Seed
- UniQuest Limited — Seed
- FTW Ventures (https://capitalatlas.ai/funds/ftw-ventures) — Seed
- Significant Capital Ventures (https://capitalatlas.ai/funds/significant-capital-ventures) — Seed
- Circulate Capital (https://capitalatlas.ai/funds/circulate-capital) — Seed
- Branch Venture Group (https://capitalatlas.ai/funds/branch-venture-group) — Seed
- Redstick Ventures (https://capitalatlas.ai/funds/redstick-ventures) — Seed