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Sway Raises $5 Million for Seaweed-Based Packaging Innovation

Feb 13, 2024over 1 year ago

Amount Raised

$5 Million

San FranciscoManufacturingBiotechnology

Investors

SuperorganismBam VenturesAlante CapitalThe HelmThird Nature Investments

Description

Sway, the California startup replacing plastic packaging with seaweed-based solutions, has sealed a $5 million seed round. It’s a major leap forward for a 2023 winner of the Tom Ford Plastic Innovation Prize in partnership with Lonely Whale.

Company Information

Company

Sway

Location

101 CALDWELL ST.

San Francisco, California, United States

About

Sway is a cleantech startup scaling seaweed-based, rapidly compostable replacements for plastic, beginning with flexible packaging. Our patented products match the vital performance attributes of conventional plastics and are designed to plug into existing infrastructure, enabling scale and competitive pricing. Unlike plastic, however, our materials are made from an abundant, regenerative resource and decompose into healthy soil after use.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers