Tipa raises $70 million for compostable plastic packaging

ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 4 — The global market for waste management could reach more than $700 billion by 2030. Helping get the ball rolling is Tipa, an Israeli circular economy startup that aims to reduce plastic waste using biodegradable plastic packaging.

Tipa says its plastic is as strong as regular plastic, but decomposes in 180 days via composting. The company raised $70 million in a Series C round led by Millenium Food-Tech and Meitav Dash, bringing its total raised since it launched in 2010 to $130 million.

In the U.S., Keter Environmental Services, which provides recycling and waste management services for more than 500 corporate clients, is acquiring M-PASS, an Atlanta-based waste recycling company.

Food waste

Sweden-based Motatos secured €24 million ($27.1 million) to sell excess and soon-to-expire goods that would otherwise end up in landfills. The funding round was led by U.K.-based Blume Equity, a women-led growth equity impact fund.

Commercial and catalytic investors poured $5 billion into food waste solutions last year (for context, see “Food-waste solutions are a big business – and a big opportunity to stem climate change).