Polycarbin Raises $2 Million Seed Round

By Annie Baker ● Jan 19, 2022
  • Polycarbin recently announced a $2 million seed round of funding. These are the details.

Polycarbin recently announced the closing of a $2 million seed round with funding from Ringbolt Capital, VoLo Earth Ventures, and several notable angel investors to scale the only Closed-Loop solution for single-use plastics in the life science and healthcare sector.

In the midst of a pandemic that has destabilized the supply chains — which provide essential plastic consumables to laboratories — Polycarbin has brought to market the only line of sustainable, circular economy laboratory products. And Polycarbin is reducing the carbon footprint of innovation by turning the scientific waste of today into the laboratory products of tomorrow.

After witnessing 8 million tons of plastic waste generated during the pandemic, the industry is grappling with the consequences of the ‘single-use’ economy. And Polycarbin’s mission is to reduce the carbon footprint of innovation while scaling a more sustainable and efficient supply chain to meet the needs of scientists and the low-carbon economy of the future.

Plus Polycarbin equips leading biotechnology, pharmaceutical, and diagnostic laboratories with a Closed-Loop platform for managing plastic disposal and green procurement, while quantifying their impact using Polycarbin’s proprietary chain of custody software.

KEY QUOTES:

“Polycarbin is the first real solution to address the impact that the life sciences and healthcare industry has on the global environment. We are proud to invest in a company that will forever change the way we look at the plastic waste produced by the innovation ecosystem.”

— Joe Vacca, Managing Partner of Ringbolt Capital

“VoLo Earth is proud to be a supporter. I have personally dealt with the waste in the life sciences industry and, for many years, hoped for a solution like Polycarbin’s circular approach to plastic stewardship.”

— Eric Riesenberg, Managing Partner