Solutum
Biodegradable and Recyclable Alternative to Single-Use Plastic Packaging
Company Overview
Snapshot
Founded in August 2017 by Sharon Barak, Solutum operates with 11–50 employees. The company has raised $9 million across 8 funding rounds from 5 investors. In January 2023, Solutum received a grant from LG, highlighting its innovative approach to sustainable materials.
Business overview
Solutum develops sustainable alternatives to single-use plastic, focusing on reducing plastic waste without environmental impact. The company's patented compound enables the production of flexible packaging with a versatile end-of-life, featuring high tensile strength and superior impact resistance. Solutum's material is compatible with existing converter machines in the plastics supply chain, serving industries that require flexible packaging solutions, and operates within the Industrial Technologies sector, specifically in Sustainable Materials & Circularity.
Strategic signal
In September 2024, Solutum partnered with pester pac automation to offer a new environmentally friendly packaging solution. This collaboration signals a strategic move to integrate Solutum's biodegradable materials into broader industrial applications, validating its technology within the packaging machinery sector and indicating potential for wider market adoption.
Company Intelligence Q&A
- When was Solutum founded and by whom?
- Solutum was founded in August 2017 by Sharon Barak.
- What was a significant recent partnership for Solutum?
- In September 2024, Solutum partnered with pester pac automation to introduce a new environmentally friendly packaging solution, integrating its sustainable materials into packaging automation processes.
- Has Solutum received any notable grants?
- In January 2023, Solutum received a grant from LG, recognizing its innovative efforts in developing sustainable tech solutions.
- What certifications does Solutum's material hold?
- Solutum's material is certified by Interseroh 'Made for Recycling' for paper products, TÜV for industrial composting and soil biodegradability, and ISO14020 for water biodegradability (self-declaration).