INSUBCONTINENT EXCLUSIVE:
The last few years have seen many cities ban plastic bags, plastic straws and other common forms of waste, giving environmentally conscious
Huge demand and smart sourcing has attracted a big first funding round.I covered Loliware early on when it was one of the first companies to
be invested in by the Ocean Solutions Accelerator, a program started in 2017 by the nonprofit Sustainable Ocean Alliance
last year.The company makes straws primarily, with other products planned, out of kelp matter
Intelligent stewardship of these fast-growing kelp stocks could make them a significantly better source than corn or paper, which are
currently used to create most biodegradable straws.A proprietary process turns the kelp into straws that feel plastic-like but degrade
Naturally the taste, desirable in some circumstances but not when drinking a seltzer, is also removed.It took a lot of R-D and fine-tuning,
We led all development from material technology to new-to-world engineering of machinery and manufacturing practices
plastic mold or what have you
consideration of a sustainable ecosystem was always important to Briganti, as the whole company is founded on the idea of reducing waste and
new global seaweed supply chain systems as well as establishing the oversight, ensuring sustainable practices and equitability
several who were on board the ship in Alaska for the Accelerator at Sea this past October (as SOA Seabird Ventures)
The CEO of Blue Bottle Coffee has invested, as have New York Ventures, Magic Hour, For Good VC, Hatzimemos/Libby, Geekdom Fund, HUmanCo VC,
CityRock and Closed Loop Partners.The money will be used for scaling and further R-D; Loliware plans to launch several new straw types (like
a bent straw for juice boxes), a cup and a new utensil
