TripleW
High-value Biomaterials Produced from Food Waste
Company Overview
Snapshot
Founded in August 2015 by Tal Shapira and Amir Oranim, TripleW is a startup with 11–50 employees. The company has raised $32.5M across 8 funding rounds from 10 investors. In March 2023, TripleW secured a Series B funding round.
Business overview
TripleW specializes in industrial technologies that convert food waste into biodegradable bioplastic building blocks. The company's core process efficiently manufactures bioplastic from various municipal, industrial, and agricultural food-waste streams. Additionally, TripleW produces highly pure lactic acid through fermentation, derived entirely from renewable carbon, for applications in food and beverages, personal care, and industrial products like sanitation and descaling. The technology treats food waste as a third-generation renewable feedstock for polymer-grade lactic acid, a key component of polylactic acid (PLA bioplastic), and supports chemical recycling of PLA back into its process, promoting a circular economy.
Strategic signal
In June 2024, TripleW's innovative approach to transforming food waste into bioplastic gained significant attention, highlighting the company's progress in commercializing its ClimateTech food waste upcycling process. This signals strong market validation for its sustainable materials and circular economy solutions, positioning TripleW as a key player in addressing waste management and promoting eco-friendly manufacturing practices.
Company Intelligence Q&A
- What was a significant funding event for TripleW in 2023?
- Investors included Millennium Food-Tech and Firstime VC.
- When did TripleW's food waste upcycling process go commercial?
- In July 2022, TripleW announced that its ClimateTech food waste upcycling process had gone commercial, marking a significant step in its operational scale and market presence.
- What is TripleW's primary business model?
- TripleW operates with B2G (Business-to-Government) and B2B (Business-to-Business) business models, serving municipalities and industrial clients with its bioplastic and lactic acid solutions.