Category: Start-ups

Boulder startup ElectraSteel raises $28.25M as it seeks to electrify steel production

Read the full story at Daily Camera.

A Boulder startup has raised $28.25 million in an attempt to clean up steel production, which globally accounts for three gigatons of carbon-dioxide emissions per year, or 10% of the worldwide total.

Strella Biotech wins startup lab pitch to reduce food waste

Read the news release at Waste360.

GS1 US announces that Strella Biotech, a sensor technology startup that can predict the maturity of produce and help reduce food waste, has won the $10,000 first-place grand prize in the third-annual GS1 US Startup Lab Pitch Competition. Additionally, Magnomer, producer of magnetizable inks for enhanced recycling, won the $4,000 second-place prize, and MeCycle, a data-rich consumer recycling platform that helps prevent beverage bottles and cans from being discarded in landfills or oceans, was awarded the $2,000 third-place prize. The winners were announced today during GS1 Connect: Digital Edition, a virtual conference experience held June 8-10.

Want data about a product’s sustainability? There’s a browser extension for that

Read the full story at GreenBiz.

A new startup called Finch is on a mission to rate products on their environmental impact throughout their lifespan, across e-commerce sites.

3 things to know before you start a a sustainability-based company

Read the full story at Fast Company.

The growing sector of businesses working on environmental change can be hard to navigate. These tips will help you focus.

Dissolvable beverage startup Tea Drops raises $5M

Read the full story at Food Dive.

Dissolvable tea startup Tea Drops has raised a $5 million Series A round led by consumer brand-focused venture capital firm BrandProject, according to a press release emailed to Food Dive. Other investors include Siddhi Capital, AF Ventures, Cue Ball Capital and Halogen Ventures. The round brings Tea Drops’ total funding to $8.4 million.

Tea Drops will use the new investment to make hires around ecommerce and operations. The company is on track to manufacture 10 million Tea Drops this year and has been named one of the fastest direct-to-consumer (DTC) brands on Shopify after posting 350% year-over-year growth.

Describing its product as organic “bath bombs for tea,” Tea Drops has a focus on ethical sourcing, transparent ingredients and sustainability, with a format that aims to cut down on packaging waste. These qualities, along with its female leadership, have attracted investors’ interest. 

Kroger awards 10 startups advancing upcycled food solutions

Read the full story in Food Business News.

Ten sustainability-focused startups were selected to receive a total of $2.5 million in funding from The Kroger Co. Zero Hunger/Zero Waste Foundation Innovation Fund. Agua Bonita, Renewal Mill and Take Two are among brands to receive support in pioneering and accelerating solutions to reduce food waste while improving food security.

Each startup will be awarded $100,000 in upfront seed grant funding and will participate in a virtual workshop and networking with investors and mentors across the food system. The participants will be eligible for an additional $100,000 grant based on the achievement of identified program milestones. At the end of the six-month milestone development period, two startups will be selected for an opportunity to receive an additional $250,000 in funding.

Clean Energy Ventures launches open access tool to identify the climate technologies worth investor attention

Read the full story in Yahoo! Finance.

Clean Energy Ventures announced today the launch of an open-access calculator to estimate a climate tech innovation’s potential impact on climate change. The Simple Emissions Reduction Calculator (SERC), which Clean Energy Ventures developed to help evaluate climate tech startups seeking funding, will be used by partners including Cleantech Open, Cleantech Scandinavia, and by any climate tech startups that are looking to validate their carbon emissions reduction potential. The open accessibility of SERC represents a first for clean energy and climate tech venture capital investors.

Green ‘liberty’ bonds: The American way to win the war on climate change?

Read the full story at Canary Media.

President Joe Biden has an aggressive plan to decarbonize the U.S. economy. But his administration hasn’t yet provided many specifics on how it plans to leverage public funding to drive greater private capital investment in the green infrastructure needed to reach its goals.

Bryan Garcia, president and CEO of the Connecticut Green Bank, thinks that a modern, green-tinged version of Liberty Bonds, the U.S. government war bonds from World War I and World War II, could be a valuable model for the federal government — particularly if Connecticut’s recent experience with it can be replicated at a national scale.

Connecticut Green Bank’s $25 million green “liberty” bond issuance on Thursday, its latest to support rooftop solar and energy efficiency projects in the state, was oversubscribed by nearly a factor of four, Garcia said.

Webinar: Too good to waste: Upcycling solutions for a more sustainable planet

May 5, 2021, 9 am CDT
Register here.

Enterprising startups are exploring innovative ways to realize a circular economy and create value-added products using byproducts from food processes or ingredients that would otherwise be thrown away. We bring together innovators and entrepreneurs to explore how they are contributing to the circular economy and building new supply chains using upcycled* ingredients, how they communicate the benefits to consumers, and what opportunities they are exploring.

*As defined by the Upcycled Food Association (UFA), upcycled foods “use ingredients that otherwise would not have gone to human consumption, are procured and produced using verifiable supply chains, and have a positive impact on the environment.”

Lithium-ion battery recycling and manufacturing startup raises $20 Million from global industry leaders

Read the press release.

Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, recently completed a $20 million Series B equity round with financing led by Orbia Ventures, the venture capital arm of the multinational Orbia, and participation from other investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures and Jaguar Land Rover’s InMotion Ventures.

The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries — or the batteries from approximately 20,000 electric vehicles (EVs) a year.

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