traceless materials develops a patent-pending technology that turns agricultural industry plant leftovers into a natural biomaterial (traceless®) that is certified completely bio-based, home-compostable, and plastic-free. The technology is based on natural polymers, contains no potentially harmful chemicals, and is designed to have a minimal ecological footprint while conserving valuable biomass resources. The company is scaling its process from pilot scale to industrial scale to realize the ecological potential of its solution. traceless materials plans to use the Series A proceeds to expand production capabilities to industrial scale. Founded in 2020 and based in Hamburg, Germany, the company currently has a team of 40 employees. No revenue or user metrics were disclosed in the article. traceless materials develops a holistically sustainable, naturally compostable biomaterial made from agricultural food-production residues as an alternative to conventional plastics and bioplastics. The patent-pending technology, invented by CEO and co-founder Dr. Anne Lamp, uses natural polymers that are neither chemically modified nor synthetically polymerized. The material is fully home-compostable, requires no hazardous additives or solvents, avoids land-use change, and is claimed to have up to 87% lower CO2 emissions than conventional plastics. traceless says the material is already competitive in quality and will be price-competitive with virgin plastic at industrial EU scale. The product is applicable across rigid and flexible packaging, disposables, high-abrasion products, and coating & adhesive solutions; the team is developing prototypes including an e-commerce shipping bag with OTTO. Founded in September 2020 and based in Hamburg, the growing team has built a pilot production plant and is preparing for broader market entry. The company recently secured public funding and prior seed backing to accelerate scale-up toward demonstration and industrial production. traceless materials is a Hamburg, Germany–based circular bioeconomy startup founded in 2020. The company advances technology that uses agricultural industry by-products to produce storage-stable films, rigid materials and coatings. Its materials provide the beneficial properties of plastics while being fully compostable in the environment. The company plans to scale production from laboratory scale to produce sufficient material for first pilots targeted for early 2022 and to build a pilot plant. It intends to use the seed funding to continue hiring and to construct the pilot plant to enable those pilots.

Total raised

$42M

Funding rounds

4

Latest round

Series A

Latest activity

Sep 2023