Massive congrats to Uluu on raising $16 million AUD in Series A funding, led by Burda Principal Investments, with participation from Main Sequence, Novel Investments, Startmate, and a consortium of impact investors.
Co-founders and co-CEOs Julia Reisser and Michael Kingsbury are building something remarkable — world-first technology that transforms seaweed into materials that look and feel like plastic, but are reusable, recyclable, compostable, and marine biodegradable.
This funding will accelerate Uluu from their 100kg/year test plant to a 10-ton/year demonstration facility, enabling partnerships across cosmetics, fashion, and automotive industries.
With less than 12% of plastic effectively recycled today, innovations like Uluu are critical to building a post-plastic future. We’re proud to continue backing Julia, Michael, and the Uluu team as they scale technology that could one day help reduce global CO2 emissions by two gigatonnes annually. 💜
#DeepTech #Sustainability #PlasticAlternatives
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