# Solubag USA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solubag-usa

- Industry: Packaging
- Headquarters: Hallandale Beach, US
- Website: www.solubagusa.com
- Total disclosed funding: $4.5M
- Latest round: Series A (Oct 17, 2024)
- Investors on record: 2

## About

Established in 2014 and based in Florida, US, Solubag USA, Inc. operates as a provider of a water-soluble alternative solution, mainly woven fabric bags and pet waste bags. In October 2024, Solubag raised USD 4.5 million in series A funding led by Exit Ventures, Between the Coasts Ventures. As of 2024, the company is led by its CEO, Mike Latham

Solubag produces water-soluble bags made from natural substances. The company offers a sustainable alternative to traditional plastic bags. The firm’s technology utilizes polyvinyl alcohol (PVA) derived from natural sources to produce bags like film bags (grocery bags and envelopes), woven fabric bags, pet waste bags, and laundry sheets. In addition, the company sells all its products through its e-commerce platform.

The company plans to utilize the October 2024 funding raised to support the company's development growth and expansion plans.

## Funding rounds

- Series A, Oct 17, 2024, $4.5M — Exit Ventures, Between the Coasts Ventures

## Investors

- Exit Ventures — Series A
- Between the Coasts Ventures (https://capitalatlas.ai/funds/between-the-coasts-ventures) — Series A