31 Oct 2022 --- Cruz Foam, a start-up based in California, US, has received US$18 million in a Series A funding round led by the social problem-solving company Helena. The producer of chitin-based packaging will use the money to develop and manufacture its zero-plastic foam solution. The startup designs circular materials from bio-based replacements for single-use plastic as companies and legislators call for decreased plastic packaging. The funding round was joined by companies One Small Planet, Regeneration.VC, At One Ventures and SoundWaves.
