traceless materials Raises Lower Million Euro Seed Funding

traceless materials, a Hamburg, Germany-based circular bioeconomy startup, raised a seed financing round of undisclosed amount.

Backers included Planet A, HTGF and b.value AG.

The company intends to use the funds to continue to hire new people and to build its pilot plant, scaling production from laboratory scale to producing sufficient material to bring first pilots to market in early 2022.

Founded in 2020, traceless materials is a circular bioeconomy startup advancing technology that allows to use agricultural industry by-products to produce storage-stable films, rigid materials and coatings providing the beneficial properties of plastics while being fully compostable in the environment.