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CRUZ FOAM RECEIVES $1.2 MILLION IN FUNDING



Biofoam company Cruz Foam announced this week it received $1.2 million in a recent funding round, readying its product for release into the commercial market.


Cruz Foam builds biodegradable and eco-friendly foam alternatives to expanded polystyrene foam, white foam plastic material commonly known as Styrofoam. Cruz Foam’s patent-pending technology is made from chitin, a polymer derived from all-natural shrimp shell waste. The company’s targeted product markets are making packaging for consumer goods, consumer electronics, commercial shipping and automotive industries, with the ultimate goal of reducing plastic pollution.