Nfinite Nanotech

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Nfinite Nanotech closes USD 6.5M Seed financing to revolutionize flexible food packaging with nanotechnology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nfinite Nanotech, Collateral Good

Nfinite Nanotech, a creator of plastic-alternative nanocoatings, announced the completion of a USD 6.5M SEED round, led by Collateral Good, with participation from Suzano Ventures as a strategic investor alongside investment from FTW Ventures, MaRS IAF, Overlay Capital, Ponderosa, and Republic Capital, including non-dilutive funding from Next Generation Manufacturing Canada.

Nfinite Nanotech is tackling the plastic packaging problem with its advanced material nanocoating that enables the use of truly sustainable packaging at a commercial scale. Nfinite’s nanocoating is an ultrathin and high-performance barrier coating that maintains the recyclability and compostability of sustainable packaging, while also preserving the freshness and shelf life of products.

Read more at PRWeb

Amcor, Nfinite enter joint research agreement to leverage nanotechnology in recyclable and compostable packaging

📅 Date:

🔖 Topics: Partnership

🏢 Organizations: Amcor, Nfinite Nanotech

Amcor (NYSE: AMCR) (ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced a joint research project agreement with Nfinite Nanotechnology Inc. to validate the use of Nfinite’s nanocoating technology to enhance both recyclable and compostable packaging.

In the proof-of-concept phase of the project, Nfinite’s coating technology will be applied to Amcor’s existing recyclable and compostable packaging material. The objective is to deliver an oxygen barrier to improve performance for recyclable and compostable packaging. Once validated, the next stage of development will seek to ensure the products are optimized to Amcor’s manufacturing processes and analyze additional substrates like bio-based materials to create more sustainable applications.

This project marks an important milestone in the partnership between Amcor and Nfinite that began in 2022 when Nfinite was selected as an Amcor Lift-Off winner. In addition to receiving $250,000 in seed funding, Amcor Lift-Off start-ups have the opportunity to work with Amcor’s Research & Development team to create new applications that can advance both companies’ efforts toward driving circularity.

Read more at PR Newswire