# ReSource Chemical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/resource-chemical

- Industry: Materials
- Headquarters: Oakland, US
- Website: www.resourcechemicalcorp.com
- Total disclosed funding: $15M
- Latest round: Seed (Mar 7, 2025)
- Investors on record: 4

## About

ReSource Chemical Corp., based in the US, specializes in the production of innovative sustainable plastics, utilizing CO2 and inedible biomass to create eco-friendly polymer solutions.Founded in 2019, ReSource Chemical Corp. operates out of Oakland, US, focusing on producing sustainable materials. The company has successfully completed 2 deals, with the latest funding round being a Seed round in which they raised USD 15.00 mn from various investors including Chevron Technology Ventures and Khosla Ventures. The CEO and founder, Aanindeeta Banerjee, leads the company in its mission to develop advanced chemical technologies. The total amount raised by ReSource Chemical is USD 15.00 mn with a current valuation of USD 39.669 mn.ReSource Chemical specializes in developing sustainable plastics, primarily focusing on their proprietary technology to produce high-volume polymers from CO2 and inedible biomass. Their main product, FDCA (furandicarboxylic acid), serves as a bio-based platform chemical for creating PEF (polyethylene furanoate) plastics. These offerings target various industries, including packaging, textiles, and consumer goods, specifically addressing the environmental challenges posed by traditional plastics while ensuring enhanced performance and a reduced environmental footprint. The company markets its products not only in the US but also in regions such as Europe and parts of Asia where there is a growing demand for sustainable packaging solutions.ReSource Chemical generates revenue through B2B transactions involving their sustainable plastic products, primarily FDCA and PEF. The company's sales structure is designed around long-term contracts and bulk orders, allowing clients in packaging, textiles, and consumer goods sectors to efficiently integrate their materials into production processes. Pricing plans are structured to reflect the sustainability and performance benefits of their offerings, which are increasingly sought after by clients aiming to minimize their environmental impact through the adoption of advanced chemical technologies.ReSource Chemical aims to leverage the recent Seed funding of USD 15.00 mn, raised in March 2025, to enhance its renewable energy platform. The company is designing additional sustainable product lines and plans to expand into European and Asian markets by 2026, targeting regions with significant demand for eco-friendly materials. This funding will support the development of new products and the establishment of partnerships in these markets to drive growth.

## Funding rounds

- Seed, Mar 7, 2025, $15M — Chevron Technology Ventures, Khosla Ventures, MITSUBISHI GAS CHEMICAL COMPANY, INC., Fathom Fund Management

## Investors

- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- MITSUBISHI GAS CHEMICAL COMPANY, INC. — Seed
- Fathom Fund Management (https://capitalatlas.ai/funds/fathom-fund-management) — Seed