Algenesis’ unique Soleic PU is currently available in soft foam applications, such as midsoles and insoles for footwear. The new funds will be used to expand Soleic® product lines into breathable waterproof textiles, and injection molded products such as phone cases. The company also plans to expand and strengthen its supply chain by bringing more of its processes in-house, to scale production and commercialization of these materials that are increasingly in demand by a variety of consumer-facing brands, further cementing their position as a leader in eco-innovation.
