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Seaweed Packaging Company Sway Closes $2.5M Raise Led By Valor Siren Ventures

Nov 04, 2021•over 3 years ago

Amount Raised

$2.5 Million

Round Type

seed

BerkeleyDesignMedia And Entertainment

Description

Sway, the California-based materials company producing seaweed-based, home-compostable replacements for single-use plastic packaging, has announced its initial funding round of $2.5 million. Led by Valor Siren Ventures and supported by Conservation International Ventures, Alante Capital, BAM Ventures, and other industry-aligned investors, the raise will support Sway’s development of scalable and sustainable replacements for thin-film plastic packaging derived from petroleum.

Company Information

Company

Sway

Location

Berkeley, California, United States

About

Sway is a materials company based in Berkeley, CA. It was founded in 2020 by designer Julia Marsh (CEO), sustainable development practitioner Matt Mayes (COO), and former Chobani CBO Leland Maschmeyer, who is also co-founder of global design agency COLLINS. Born from their frustration with the shortcomings of existing plastic alternatives, Sway targets thin-film plastic packaging, the hardest-to-replace plastics on the market. Sway products are derived from seaweed, fully bio-based, nontoxic, high-performance, and rapidly compostable in home and industrial compost environments. Learn more about Sway at their website, swaythefuture.com or at @swaythefuture on Instagram, Facebook, Twitter, and LinkedIn. Product images can be found in this folder.