# TripleW

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

- Industry: Biotechnology
- Headquarters: Netanya, Israel
- Website: www.triplew.co
- Total disclosed funding: $25M
- Latest round: Series B (Mar 22, 2023)
- Investors on record: 7

## About

Based in Israel, and founded in 2015, TripleW Ltd. produces food waste into lactic acid, the primary component of PLA bioplastics. Amir Oranim and Tal Shapira are the co-founders and co-CEOs of the company. In March 2023, TripleW Ltd. raised USD 16.5 million in series B funding led by new investor Firstime Ventures, with participation from another new investor LG Technology Ventures. Returning investors Israel Oil and Gas Fund, Millennium Food-Tech VC, Consensus Business Group, and individual investors also participated in the round.

The company produces pure lactic acid by fermentation, made from renewable carbon, offering a reduction of carbon emissions. The firm also offers TripleW PLA, which is a sourced polymer compared to fossil-based PS, PVC, and PET that can be used to produce food and beverage packaging, toys, utensils, 3D filaments, textiles, car parts and more applications.

## Funding rounds

- Series B, Mar 22, 2023, $17M — Consensus Business Group, Firstime, LG Technology Ventures, Millennium Food-Tech, Israel Oil and Gas Fund LP
- Series A, Jun 1, 2019, $6.9M — Elah Fund, Hutchison Kinrot
- Seed, Oct 1, 2016, $1.2M — Hutchison Kinrot

## Investors

- Hutchison Kinrot (https://capitalatlas.ai/funds/hutchison-kinrot) — Seed, Series A
- Elah Fund (https://capitalatlas.ai/funds/elah-fund) — Series A
- Consensus Business Group — Series B
- Firstime (https://capitalatlas.ai/funds/firstime) — Series B
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series B
- Millennium Food-Tech — Series B
- Israel Oil and Gas Fund LP — Series B