Seed finance of USD 6.5 million was received by Nfinite Nanotech, a Canadian company situated in Waterloo, Ontario, that makes nanocoatings that replace plastic.
Investors
- Collateral Good
- FTW Ventures
- MaRS IAF
- Overlay Capital
- Ponderosa
- Republic Capital
- Next Generation Manufacturing Canada
- non-dilutive capital
- Suzano Ventures
Use of funds
With the money, the firm hopes to grow its operations, improve its R&D skills, and establish itself as a leader in the eco-friendly packaging industry.
Some of the biggest CPG firms and packaging makers worldwide are actively collaborating with Nfinite.
About Nfinite Nanotech
Nfinite Nanotech, led by CEO Chee Hau Teoh, offers cutting-edge nanocoatings. They make use of open-air nanocoating technology, which generates ultrathin films at a reasonable cost, to enable packaging and consumer product goods (CPG) manufacturers to produce sustainable packaging more quickly without sacrificing compostability or recyclability, all the while maintaining product freshness and shelf life.
