Solubag, with a valuation of $50 million, is raising funds on MicroVentures. The company is the exclusive licensee of a patented raw material that can be used to make plastic-like products without plastic. The plastic-like material of Solubag is dissolvable in water and can be used to make dog waste bags, grocery bags, liquid laundry detergent, and more. Solubag reported a 1,500% growth in sales to $350,133 in 2022. Cristian Olivares founded Solubag in December 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for pilot projects, new infrastructure hires, IT platform, delivery and execution, inventory, rigid extrusion pilot, carbon footprint reduction, and certification and testing.