Solubag Bags $4.5M in Series A Funding

Solubag, a South Florida startup, has secured $4.5 million in Series A funding for their water soluble alternative to single-use plastic. The round was led by Exit Ventures with participation from Between the Coasts Ventures, Landon Ainge, a confidential customer, and others.

The plastic free bags utilize a material similar to that used in dissolvable medication tablets – like a gel cap. This material readily dissolves in contact with water without leaving any toxic or polluting residues behind.

The technology could be used for grocery bags, pet waste bags, utensils and more. The company says its products require no recycling or separation from other waste, as they dissolve in water or soil within weeks or months. The products are certified food-grade, with raw materials that have a long history of food safety.

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