{"id":134836,"date":"2023-11-22T07:12:00","date_gmt":"2023-11-22T06:12:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=134836"},"modified":"2023-11-16T14:17:24","modified_gmt":"2023-11-16T13:17:24","slug":"phantm-raises-2m-to-lead-circular-regenerative-natural-materials-economy","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/phantm-raises-2m-to-lead-circular-regenerative-natural-materials-economy\/","title":{"rendered":"Phantm raises $2M to lead circular regenerative natural materials economy"},"content":{"rendered":"\n\n\n<p>The round was led by Blacknova VC, Salus Ventures, and CoVentures VC and saw the participation of leading international and Australian businesses, including Norwood Industries, Starbucks Australia, and MECCA. Elliot Costello leads Phantm, which aims to accelerate the adoption of natural materials and tackle one of the world\u2019s largest waste issues by providing businesses with an independent pathway to reduce their plastic footprint.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"alignright size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"399\" height=\"398\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/11\/\u6355\u83b7-1.jpg\" alt=\"\" class=\"wp-image-134839\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/11\/\u6355\u83b7-1.jpg 399w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/11\/\u6355\u83b7-1-300x300.jpg 300w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/11\/\u6355\u83b7-1-150x150.jpg 150w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/11\/\u6355\u83b7-1-271x270.jpg 271w\" sizes=\"auto, (max-width: 399px) 100vw, 399px\" \/><\/figure><\/div>\n\n\n<p>Phantm provides access to top plastic and natural materials experts to help businesses meet their ESG objectives while facilitating a positive impact on people and planet. Its methodology, called A-R-T (Assess, Reduce, Transition), assists firms in reducing costs and tracking their progress towards becoming plastic-free. The platform\u2019s ultimate goal is to reduce the consumption of plastics, a $600 billion industry projected to almost double by 2050 without urgent action. Globally, only 9% of plastics are recycled, with mixed plastics and contamination hampering the potential for recycling.<\/p>\n\n\n\n<p>Moving towards natural materials such as seaweed, fungi, cellulose, pulp, and PHA based materials is a compelling alternative to the recycling of plastics, given the economic factors, limited infrastructure, and diverse regulations existing around recycling. Phantm\u2019s Head of Strategy and global plastic expert, Edward Whitehead, stated that the Phantm platform leverages its profound understanding to increase businesses\u2019 ability to navigate complex layers and reduce their reliance on plastics.<\/p>\n\n\n\n<p>Phantm is currently operating within Australia, but it aims to address the global plastic crisis by expanding its reach into Asia, Europe, and North America, particularly in regions where there is significant plastic consumption but limited recycling infrastructure.<\/p>\n\n\n\n<p>Elliot Costello, Cofounder and CEO of Phantm commented, \u201cWe\u2019re in the midst of a plastic crisis, and recycling alone cannot solve it. The market has been demanding alternatives, and it\u2019s time to embrace the range of different materials that can replace petrochemical plastics so that we can finally turn virgin plastic off at the tap. The enthusiasm from investors across the country is really exciting and shows the dedication to deplastifying Australian businesses.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"BorlabsCookie _brlbs-cb-youtube\"><div class=\"_brlbs-content-blocker\"> <div class=\"_brlbs-embed _brlbs-video-youtube\"> <img decoding=\"async\" class=\"_brlbs-thumbnail\" src=\"https:\/\/renewable-carbon.eu\/news\/wp-content\/plugins\/borlabs-cookie\/assets\/images\/cb-no-thumbnail.png\" alt=\"YouTube\"> <div class=\"_brlbs-caption\"> <p>By loading the video, you agree to YouTube&#8217;s privacy policy.<br><a href=\"https:\/\/policies.google.com\/privacy?hl=en&amp;gl=en\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more<\/a><\/p> <p><a class=\"_brlbs-btn _brlbs-icon-play-white\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Load video<\/a><\/p> <p><label><input type=\"checkbox\" name=\"unblockAll\" value=\"1\" checked> <small>Always unblock YouTube<\/small><\/label><\/p> <\/div> <\/div> <\/div><div class=\"borlabs-hide\" data-borlabs-cookie-type=\"content-blocker\" data-borlabs-cookie-id=\"youtube\"><script type=\"text\/template\">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<\/script><\/div><\/div>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The round was led by Blacknova VC, Salus Ventures, and CoVentures VC and saw the participation of leading international and Australian businesses, including Norwood Industries, Starbucks Australia, and MECCA. Elliot Costello leads Phantm, which aims to accelerate the adoption of natural materials and tackle one of the world\u2019s largest waste issues by providing businesses with [&#8230;]<\/p>\n","protected":false},"author":105,"featured_media":134839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Phantm, a new plastic reduction platform, has announced the successful completion of its oversubscribed seed round, raising $2 million","footnotes":""},"categories":[5572,17143],"tags":[5838,8793,5847,10416,21075,14462],"supplier":[23054,23056,23059,23057,23060,23055,23058],"class_list":["post-134836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bio-based","category-recycling","tag-bioeconomy","tag-biomaterials","tag-bioplastics","tag-circulareconomy","tag-plasticfree","tag-plasticwaste","supplier-blacknova-vc","supplier-coventures-vc","supplier-mecca","supplier-norwood-industries","supplier-phantm","supplier-salus-ventures","supplier-starbucks-australia"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/134836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=134836"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/134836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/134839"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=134836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=134836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=134836"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=134836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}