Teeccino Is Ready for Explosive Growth
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Analyst Report: Upgrade for access Timeplast’s Bioplastic Is Promising but Risky
Timeplast is tackling plastic pollution through bioplastic. Despite strong defensibility, this startup has some notable risks.
- Details
- Company: Timeplast
- Security Type: Equity - Common
- Valuation: $40,000,000
- Min Investment: $100
- Platform: StartEngine
- Deadline: Jul 20, 2023
Léa Bouhelier-Gautreau - August 24th, 2022
Take-Make-Waste
Look at the closest piece of plastic around you. It may be a single-use bag, a disposable package, or a pill container. Whatever it is, it will probably end up in a landfill. The plastic economy is a “take-make-waste” model. Only one out of every 10 plastic items is recycled, and the rest take up to 500 years to degrade into microplastics that can be toxic to humans. And every year, we eat, drink, and breathe 74,000 pieces of microplastic.
What if all that plastic could dissolve in water in only 12 hours without leaving any microplastics behind? This is what Timeplast has created. The company’s technology — a biobased plastic that dissolves into alcohol molecules when it is submerged in water — could tackle our planet’s massive plastic pollution problem.
Timeplast is led by founder and CEO Manuel Rendon, who spent 15 years developing this product. The company is entering a fast-growing market with an innovative product, but investing in this startup involves several risks. Timeplast’s product has some limitations, the startup lacks a clear go-to-market strategy, and its valuation is too high for its current stage.
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