We're excited to share our investment in Greenitio, a green chemistry startup poised to lower emissions and help move us beyond microplastics in personal care, food and agriculture and more.
Together with fellow investors SGInnovate and Silverstrand Capital, we have invested in their US$1.5M in Seed round to bring their functional biopolymer platform to market and scale.
Based in Singapore, Greentio has pioneered a new technology to functionalize natural and sustainable feedstocks into high performance biopolymers, in a process that is cheaper and less emissions heavy than traditional petrochemical processes.
Their initial applications include fungi derived chitosan-based molecules in personal care, with their flagship biopolymer lines—Chitosola™, Chitobe™, and Chitobela™ seeing successful trials and transitioning into commercial deployment in multiple markets globally. And beyond that, several other materials are transitioning from R&D to pilot production to meet the growing demand.
Founded by Amit Kumar Khan and Susmita Roy, both PhDs in biomaterials engineering and green chemistry respectively, they have deep scientific and entreprenerial experience to bring to this new venture.
“We’re excited by Greenitio’s potential across multiple industries, from replacing microplastics in personal care to extending shelf life and enabling more sustainable packaging in the food sector, while helping to lower emissions” -
Simon Newstead, Founding Partner, Better Bite Ventures.
In addition to their R&D and pilot facility in Singapore, to meet growing demand from European customers, Greenitio will also establish a dedicated subsidiary in the EU (Benelux), leveraging the region’s strong chemical and cosmetics industry ecosystem.
And beyond personal care, we're also excited about further applications to lower emissions and food waste, and increase agricultural outcomes with their green chemistry platform.