Intec Bioplastics
About this raise
Intec Bioplastics, with a valuation of $475.4 million, is raising funds on Andes Capital. It is a bio-resin engineering company that helps customers achieve their sustainability goals of net zero carbon footprint. Intec Bioplastics’ patented technology enables it to manufacture EarthPlus, the plant-based resins, which can be used for products that are manufactured through blow molding, injection molding, thermoform, and roll holding processes. The company has over 590 different EarthPlus bio-resin formulas, all of which are FDA food-grade compliant. Jason Baum founded Intec Bioplastics in December 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for an extrusion compounding line, a thermoform sheet line, a thermoform line, IP, patents, and trademarks, molds, material, and general working capital.
Investment Overview
Invested $32,600 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,739,500
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
11/02/2024 | Andes Capital | $475,412,500 | $32,600 | Equity - Common | Funded | RegCF |