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Nfinite Nanotech receives USD 6.5M SEED financing to develop sustainable packaging with nanotechnology

May 14, 2024  By P&PC Staff


Nfinite Nanotech announced the completion of a USD 6.5M SEED financing round. The company has developed an advanced material nanocoating that allows for the use of sustainable packaging at a commercial scale. Nfinite’s nanocoating is reportedly an ultrathin and high-performance barrier coating that maintains the recyclability and compostability of sustainable packaging.

The funding round was led by Collateral Good, with participation from Suzano Ventures as a strategic investor alongside investment from FTW Ventures, MaRS IAF, Overlay Capital, Ponderosa, and Republic Capital, including non-dilutive funding from Next Generation Manufacturing Canada.

“This funding will catalyze our growth, enabling us to scale our operations, enhance our R&D capabilities, and solidify our market position as pioneers in eco-friendly packaging. We are committed to leveraging this opportunity to deepen our partnerships with our customers and continue delivering solutions that meet the urgent need for sustainability in our world today,” said Chee Hau Teoh, CEO of Nfinite Nanotech.

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Paula Puzzi, senior manager of Suzano Ventures, said, “We want to expand the use of sustainable packaging, and Nfinite’s coatings are pilot-proven and set to play a meaningful role in enabling CPG manufacturers and packaging producers to minimize environmental impact. As a company that has been operating for over a hundred years bringing more sustainable solutions to society, we are proud to partner with the Nfinite team in its journey to build a greener future, through paper-based packaging.”

Nfinite is actively working with several CPG companies and packaging manufacturers globally. Early adopters of Nfinite’s nanotechnology welcomed the funding announcement.

Frank Lehmann, vice-president of corporate venturing and open innovation at Amcor, said, ” As a global packaging leader, Amcor is proud to have partnered with, and invested in, Nfinite early in their journey through our Amcor Lift-Off program. Nfinite shares our commitment to creating a circular economy, and we look forward to continuing to work with them to develop innovative ways to deliver more sustainable packaging solutions.”


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