Tech Company Financing Transactions
Fibmold Funding Round
Fibmold secured a $10 million venture capital round on 11/2/2023. Investors included Accel Partners and Omnivore.
Transaction Overview
Company Name
Announced On
11/2/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Accel Partners (Lead Investor)
Omnivore (Lead Investor)
Proceeds Purpose
Fibmold is developing eco-friendly moulded fibre packaging products that mimic the functionality of rigid plastics. These products are manufactured from natural fibres, including bamboo, bagasse, husk, wheat straw, and even wastepaper, depending on the end-use, and are fully recyclable and naturally compostable, the company says.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
202-Tower A, Peninsula Business Park Senapati Bapat Marg, Lo
Mumbai, Maharashtra, 400013
IN
Mumbai, Maharashtra, 400013
IN
Phone
Undisclosed
Website
Email Address
Overview
Manufacturer of molded fiber packaging intended to offer a sustainable alternative to plastic packaging. The company's molded fiber packaging is made from agricultural waste and other sourced biomass, and it is suitable for a wide range of products, including food, beverages, consumer packaged goods, and electronics, enabling businesses to reduce their environmental footprint, improve their brand reputation, and meet the growing demand for sustainable packaging.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Param Gandhi
Co-Founder
Vaibhav Garg
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