Written by Leslie Nakajima
Investors include At One Ventures, Sony Innovation Fund, and Regeneration.VC
New, high-profile advisors also join the sustainability-driven team
We are super excited to announce that we have closed our final seed funding round led by At One Ventures and bringing on new firms Sony Innovation Fund and Regeneration.VC, as well as a group of environmentally-focused private investors with backgrounds across industries. You can read the full announcement here.
We also announced new advisors that include Hilary Bryant, entrepreneur and former Mayor of Santa Cruz; Chuck McBride, Founder and Executive Creative Director of Cutwater Advertising; and Michelle Moskowitz, Director, Office of Government Relations, UC Berkeley who has already been very busy as you may have noted in our last post on composting.
In their own words, here is what our investors have to say: “Cruz Foam is taking on plastic pollution at the root -- by inventing a versatile, earth-compatible foam with disruptive economics, requiring no technical recycling to return to the nutrient cycle,” said Tom Chi, Founding Partner, At One Ventures. “We believe this approach will help set the standard for the future of packaging and sustainable materials.” “Pollution due to polystyrene is a major issue -- especially for our oceans," said Austin Noronha, Regional Managing Director, Sony Innovation Fund. "With a platform technology that can empower existing materials manufacturing processes as well as offer a wide variety of foam properties, Cruz Foam fundamentally changes the paradigm by creating a fully-compostable equivalent. We are focused on supporting companies that develop technologies to address global environmental issues such as climate change, resources, chemical substances, and biodiversity and look forward to partnering with the team at Cruz Foam as they bring an environment-friendly solution to industries including electronics, appliances, and durable goods.”
“We started Regeneration.VC to invest in disruptive, early-stage companies like Cruz Foam, with the potential to catalyze the transformation of traditional, linear supply chains into circular economy platforms,” said Michael Smith, General Partner, Regeneration.VC. “Our shared mission to address the climate emergency and regenerate natural systems makes us natural partners, and our team is already hard at work enabling this important environmental breakthrough.”