Food waste and food packaging take up a significant portion of the world’s landfills. AlterPacks is tackling both issues with technology that turns food waste into takeout boxes and other containers. The Singapore-based startup has raised $1 million in pre-seed funding led by Plug and Play APAC and Seed Capital, with participation from Earth Venture Capital and angel investor Alice Foo.
The new funding will be used for AlterPacks’ commercialization, including production and supply, in markets like Asia, Australia and Europe.
Founded in 2019 to tackle single-use plastics, AlterPacks’ main raw material are spent grains, a by-product of manufacturing foods like beer. Spent grains are usually used for animal feed, fertilizer or disposed of. Thro...
