Algenesis Materials

A pioneer in developing bio-based plastics that are competitive with petroleum-based in both cost and functionality,  Algenesis’ patented Soleic® technology is the world’s first renewable, high-performance, fully biodegradable and backyard compostable bioPolyurethane (bioPU) made from plants and algae.

Algenesis’ unique Soleic® PU is currently available in soft foam applications, such as midsoles and insoles for footwear.

Circulate Capital’s funding will expand Soleic® product lines into breathable waterproof textiles and injection molded products such as phone cases. The company also plans to expand and strengthen its supply chain by bringing more of its processes in-house to scale production and commercialization of these materials that are increasingly in demand by various consumer-facing brands, further cementing its position as a leader in eco-innovation.