# Polymateria

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

- Industry: Materials
- Headquarters: London, UK
- Website: www.polymateria.com
- Total disclosed funding: $25M
- Latest round: Series B (Apr 28, 2023)
- Investors on record: 2

## About

Based in London, UK, and co-founded by Jonathan Sieff and Lee Davy-Martin in 2016, Polymateria Limited formerly known as Innovative Plastics Limited operates as a developer and manufacturer of biodegradable and compostable plastics. In April 2023, Polymateria Limited raised GBP 20 million in series B funding co-led by new investors ABC Impact and Indorama Ventures PCL.

The company through its technology called Biotransformation offers a polyethylene and polypropylene packing solution which are recyclable and biodegradable in the natural environment. As of March 2023, the firm’s product has shown a 100% biodegradation of rigid plastic containers in 336 days and of film material in 226 days, under third-party laboratory testing. Polymateria’s plastic products include stretch film, shrink wrap, toilet paper, drinking cups, thin wall containers, detergent bottles, confectionery wrappers and labels.

## Funding rounds

- Series B, Apr 28, 2023, $25M — Indorama Ventures PCL, ABC Impact

## Investors

- Indorama Ventures PCL — Series B
- ABC Impact (https://capitalatlas.ai/funds/abc-impact) — Series B