Biotic
Bio-based PHBV Polymers
Company Overview
Snapshot
Founded in June 2020 by Adi Goldman and Eran Perlstein, Biotic operates with 11–50 employees. The company has raised $4.75M across 7 funding rounds from 7 investors. In February 2024, Biotic received a grant from Continental, recognizing its pioneering work in sustainable materials.
Business overview
Biotic is focused on developing a scalable and circular solution for plastics by creating fully biodegradable and bio-based alternative materials. The company's core technology involves producing PHBV (PHA) polymers derived from sea algae, offering an environmentally friendly replacement for traditional plastics. Biotic serves markets requiring sustainable material innovations, operating within the Industrial Technologies sector, with a strong emphasis on climate tech, circular economy, and biomaterials for applications in packaging, automotive, and other industries.
Strategic signal
In February 2024, Biotic was honored by Continental with a Climate Solutions Prize for its pioneering work in sustainable materials. This recognition highlights the company's innovative approach to developing bio-based PHBV polymers as a viable alternative to fossil-fuel-derived plastics, signaling strong industry validation and potential for broader adoption in manufacturing sectors seeking to reduce their environmental footprint.
Company Intelligence Q&A
- When was Biotic founded and by whom?
- Biotic was founded in June 2020 by Adi Goldman and Eran Perlstein.
- What is Biotic's primary technology?
- Biotic develops scalable, circular, and fully biodegradable PHBV (PHA) polymers derived from sea algae, designed to replace traditional plastics.
- Has Biotic received any recent recognition for its sustainable materials?
- In February 2024, Biotic received a Climate Solutions Prize from Continental, recognizing its pioneering work in sustainable materials.
- Which investors participated in Biotic's November 2022 seed round?
- In November 2022, Biotic secured a seed round with participation from lead investor Paseo Rosales.
- What was the total capital raised by Biotic?
- Biotic has raised a total of $4.75M across 7 funding rounds.