# Evanesce Packaging Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evanesce-packaging-solutions

- Industry: Environmental Services
- Headquarters: Vancouver, Canada
- Website: www.evanesce.com
- Total disclosed funding: $8.2M
- Latest round: Series B (Nov 3, 2021)
- Investors on record: 8

## About

Based in Canada, Evanesce Packaging Solutions Inc. specializes in developing and manufacturing eco-friendly, 100% compostable packaging products designed to replace traditional single-use plastics, effectively addressing sustainability in the foodservice industry.Founded in 2016 in Vancouver, Canada, Evanesce Packaging Solutions Inc. creates plant-based serviceware and food packaging aimed at reducing environmental impact. The company has raised CAD 10.1 million in Series B funding, led by Pyfera Growth Capital, with its most recent deal on November 3, 2021. Douglas Horne founded the company, focusing on innovative sustainable solutions for the foodservice sector.Evanesce Inc. specializes in the development and manufacturing of 100% compostable, plant-based serviceware and food packaging products designed to replace traditional single-use plastics and polystyrene. Their core offerings include straws, cups, lids, cutlery, and proprietary Evanesce® Molded Starch technology, which utilizes upcycled plant materials. These products are engineered to mimic the look and feel of conventional plastic items while providing a sustainable alternative that decomposes within 90 days. Evanesce serves restaurants, catering companies, and food distributors across North America and Europe, enabling them to adopt eco-friendly practices while maintaining functionality and affordability.Evanesce generates revenue through direct sales of its compostable serviceware and food packaging products to business clients in the foodservice sector. The company operates on a B2B sales model, partnering with restaurants and food distributors to provide tailored solutions that meet specific operational needs. Transactions typically involve bulk orders, where clients purchase products at competitive prices aligned with their sustainability goals. The flagship Evanesce® Molded Starch products are positioned as premium offerings within the eco-friendly packaging market, and the company’s pricing strategy reflects its commitment to providing affordable alternatives to traditional disposables.In November 2021, Evanesce Packaging Solutions Inc. raised CAD 10.1 million in Series B funding to scale the manufacturing capacity of its plant-based, compostable solutions. The company plans to enhance its product line with upcoming innovations designed to further reduce environmental impact. Expansion into new geographic regions is also a key focus, with plans targeting increased market presence in Europe and North America by 2025.

## Funding rounds

- Series B, Nov 3, 2021, $8.2M — Research Capital, Canaccord Capital, Haywood Securities, PI Financial Corp, Pyfera Growth Capital, Echelon Capital, Hampton / VC, Billy Goat Brands

## Investors

- Research Capital — Series B
- Canaccord Capital — Series B
- Haywood Securities — Series B
- PI Financial Corp — Series B
- Pyfera Growth Capital (https://capitalatlas.ai/funds/pyfera-growth-capital) — Series B
- Echelon Capital (https://capitalatlas.ai/funds/echelon-capital) — Series B
- Hampton / VC (https://capitalatlas.ai/funds/hampton-vc) — Series B
- Billy Goat Brands (https://capitalatlas.ai/funds/billy-goat-brands) — Series B