#143 | Circular economy and new material solutions
Understory newsletter on climate and sustainability tech
Check out the latest in circular economy solutions and new climate tech fundings.
📚 Worth Reading
Approximately 2 trillion ecommerce packages are expected to be delivered annually in the next 10 years creating magnitudes of packaging waste. E-commerce returns are also super inefficient, resulting in almost 6 billion pounds of return waste.
LimeLoop is a circular economy solution overcoming ecommerce packaging waste with its sustainable shipping platform. The company's platform provides both reusable packaging and software to manage the end-to-end ecommerce shipping process.
Worth Reading: LimeLoop: circular shipping solutions
🚀 Funding and Congrats!
Planet A Ventures launched a €160 million climate fund.
Loam Bio, a carbon farming startup, raised a $73 million Series B round.
Energy tech company Aeroseal raised a $30 million Series B round.
Agtech company Source.ag raised a $23 million Series A round.
EV producer Electra Vehicles raised $21 million in Series A funding.
Loliware raised $15.4 million in pre-Series A funding. The company is a seaweed materials company that created the first seaweed straw. You can read more about Loliware here.
Future Fields raised a CA$15.1 million Series A round. The company produces proteins in a sustainable way.
Oka, an insurance platform for the carbon credit markets, raised $7 million in seed funding.
Funga raised a $4 million seed round. The company uses microbiomes to help trees grow.
Carbon Maps, a french company that tracks the environmental footprint of food products, raised $4 million in funding.
Kloopify, a sustainable procurement platform, raised a $1.5 million seed round.
💡 Startup Spotlight
Nyoka - uses proteins to create sustainable and efficient light.
🌱 Startup Resources
Apply by March 1: Startups for All’s Cohort 4 Program
👀 Quick Hits
The IRA has already created more than 100,000 jobs and the talent war for sustainability professionals is heating up.
Can you guess which U.S. cities are most vulnerable to climate change?
Revisit episodes of The Understory Podcast to hear more stories of innovation in climate and sustainability.
Find and share your open positions on the Understory Slack channel.
🆕 Digital Marketing Executive at Climate X
🆕 Manager of Mycology Lab Production at Mycocycle
🆕 VP, Strategic Operations & Sustainability at DocuSign
🆕 Senior Consultant – Forest Positive at Anthesis Group
🆕 Climate Communications Intern at Ray C Anderson Foundation
🆕 Analyst at At One Ventures
🆕 Agronomy Intern at Threemile Canyon Farms
🆕 Deputy Director of Circular Economy at CalRecycle
🆕 Manager, Decarbonization & Sustainability at NextEra Energy Resources
🆕 ESG Metrics Director at Novata
Impact Investing Senior Director at The Coca Cola Company
Head of Sustainability at Snap
Multiple Roles at Open Water
VP, Sustainability at Meta
Growth Team at Lithos Carbon
Vice President, Sustainability Solutions at U.S. Ventures Inc.
Director of Sustainability at alice + olivia
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