{"id":71042,"date":"2020-01-31T07:20:56","date_gmt":"2020-01-31T06:20:56","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=71042"},"modified":"2020-01-27T15:07:27","modified_gmt":"2020-01-27T14:07:27","slug":"seaweed-technology-gets-6mm-funding","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/seaweed-technology-gets-6mm-funding\/","title":{"rendered":"Seaweed technology gets $6MM funding"},"content":{"rendered":"<p><strong>Loliware, the world&#8217;s leading seaweed-based material technology company replacing plastics, announced the close of a $6MM financing round, led by prominent NY venture firm Hatzimemos \/ Libby.<\/strong><\/p>\n<p>As part of this announcement the company added new leadership, a new board member and announced that demand for billions of Loliware\u2019s Straw of the Future &#8211; seaweed-based, biodegradable straws launched in 2019 &#8211; spans 68 countries across six continents. Loliware will use the proceeds to meet global demand from Fortune 500 companies, scaling its first straws into the billions in 2020.<\/p>\n<p>Co-founded by Chelsea Fawn Briganti, the company is focused on changing the way people think about single-use plastic. The Loliware straw looks, feels and acts like plastic, but is made from 100% plant-based food-grade materials and is designed to disappear either through composting or natural processes. Unlike paper-based plastic-straw replacements, the Loliware Straw can withstand over 18 hours of continuous use.<\/p>\n<p>\u201cThe status quo &#8211; that single-use products should be \u2018built to last\u2019 &#8211; is destroying our planet. Seaweed is a miracle replacement waiting for us,\u201d said Chelsea Fawn Briganti, LOLIWARE CEO. \u201cAll across our blue planet, there is an incredible collection of massive aquatic forests, in some cases dwarfing land-based resources. They efficiently capture CO<sub>2<\/sub>, forming tremendous carbon sinks while growing up to three meters per day depending on the species, which is why a seaweed-based product has an environmental advantage vs. petroleum, corn, or tree-based products.\u201d<\/p>\n<p>Prior to starting Loliware, Briganti contributed to breakthrough innovation teams for brands such as Coke, Pepsi, and Nestle, focused on industrial design and engineering, sustainable innovation, and smart materials.<\/p>\n<p>\u201cThere&#8217;s an inherent belief that there are always trade-offs with sustainable products when in actuality they can simply be better for people and better for the planet,\u201d said Oliver Libby, Managing Partner, Hatzimemos \/ Libby. \u201cLoliware proves that aiming for high returns from high impact, socially responsible companies is not concessionary. We\u2019re investing in and co-building companies that we believe are good for people, the planet, and investors alike.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Loliware, the world&#8217;s leading seaweed-based material technology company replacing plastics, announced the close of a $6MM financing round, led by prominent NY venture firm Hatzimemos \/ Libby. As part of this announcement the company added new leadership, a new board member and announced that demand for billions of Loliware\u2019s Straw of the Future &#8211; seaweed-based, [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5847,11877,15187],"supplier":[16615,15144],"class_list":["post-71042","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioplastics","tag-naturalfibres","tag-straws","supplier-hatzimemos-libby","supplier-loliware"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/71042","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\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=71042"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/71042\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=71042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=71042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=71042"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=71042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}