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Algenesis Materials

San Diego, USA

Investment Announced October 2023

Algenesis Materials is a plant-based materials science company that is developing bio-based plastics that are competitive with petroleum-based in both cost and functionality.

Visit the Algenesis Materials website

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.

Associated Resources:

Press Releases Circulate Capital announces new investment in Algenesis, a plant-based material science company

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