In the bag – biodegradable plastics firm raises £20m from investors
Niall Dunne’s Polymateria secures further funding for its groundbreaking technology
Polymateria, an Irish-led company which makes fully biodegradable plastics that break down in under a year, has raised £20 million (€22.6 million) from investors.
The proceeds from the funding are to be used to accelerate the commercialisation of the company’s ground-breaking technology.
Polymateria’s “biotransformation technology” safely returns commonly polluted plastic items to nature without leaving any microplastics or toxic residue, and has gained significant traction among customers worldwide.
Led by Niall Dunne, who previously served as ...