# PolyLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polylabs

- Industry: Materials
- Headquarters: Riga, Latvia
- Website: www.polylabs.eu
- Total disclosed funding: $0.2M
- Latest round: Seed (Aug 18, 2014)
- Investors on record: 1

## About

PolyLabs Ltd. is a producer of innovative bio polyols derived from sustainable sources, focusing on eco-friendly solutions that meet the needs of the polyurethane industry.Founded in 2012 in Riga, Latvia, PolyLabs Ltd. specializes in the production of bio polyols. The firm has successfully completed 3 deals, with the most recent funding round being a Seed round in August 2016, where they raised EUR 0.050 mn from Stardust Venture Partners. CEO Kristians Grundstoks leads the company, which has remained focused on its core mission without notable pivots in strategy.PolyLabs specializes in producing innovative bio polyols sourced from renewable materials. Their range includes high-quality, sustainable alternatives to fossil-based polyols, catering to manufacturers in the polyurethane sector. These products are designed for compatibility with various formulations, supporting the increasing demand for eco-friendly materials in markets like North America and Europe.In the most recent financial year of 2021, PolyLabs reported revenues of EUR 145,271.60 with an EBITDA of EUR 55,567.60. The company operates on a B2B model, providing bio polyols directly to manufacturers, facilitated by contractual bulk purchase agreements.PolyLabs plans to expand its product line with new bio polyols designed to meet evolving market demands, with launches expected in the coming years. The company aims to enter additional markets in North America and Europe by 2025, capitalizing on the increasing global shift toward sustainable materials. The Seed funding raised in August 2016 will be utilized to support these initiatives and enhance product development efforts.

## Funding rounds

- Seed, Aug 18, 2014, $0.2M — FlyCap

## Investors

- FlyCap (https://capitalatlas.ai/funds/flycap) — Seed