traceless materials raises $38.8 million to expand production of biobased plastic alternative
In Germany, traceless materials has raised €36.6 million ($38.8 million) to scale its biobased plastic alternative. The company’s technology uses agricultural residues as feedstock and generates 91% lower CO2 emissions compared to incumbent materials. The Series A was led by UB FIGG and SWEN CP’s Blue Ocean fund. A local banking syndicate consisting of GLS […]











