Startup investors really want plastic bottles to be passé, judging from the sums they’re pouring into companies in the sustainable packaging and materials space. Collectively, top-funded companies have raised more than $850 million, with most of the money flowing in over the past couple of years.
A Crunchbase interview series with top seed investors unearthed a lot of good advice for very-early-stage startups and their founders. We condense some of the key takeaways for launching, investing, fundraising and thriving in startup-land.
Homebound, a startup that works with homeowners to rebuild after major fires, has raised $35 million in a Series B round led by Fifth Wall Ventures. Co-founders Nikki Pechet and Jack Abraham launched the company in late 2017 in the wake of the Tubbs Fire in Northern California.
Citi announced the launch of a $150 million Citi Impact Fund, which will make equity investments in “double bottom line” U.S. companies that it deems have a positive impact on society. The fund will have an emphasis on women and minority entrepreneurs, and will focus on workforce development, financial access, infrastructure and sustainability.