EF Polymer Raises USD 6.6 Million in Series B First Close to Accelerate Global Expansion and R&D - PR Newswire APAC
Summary
USD 6.6 million) in the first close of its Series B round.Founded with a mission to solve global water challenges and improve farmers livelihoods, EF Polymer has created a bio-based alternative to petroleum-derived absorbents, helping reduce water and fertilizer use in agriculture while improving yields. Recent projects include a biodegradable ice pack, co-developed with Iwatani Corporation, and absorbent sheets in partnership with Soken Chemical. Its polymer solutions offer a sustainable alternative to petroleum-based ingredients commonly used across industries, contributing to the green transformation.EF Polymer will prioritize R&D efforts across the following areas:The funds raised will be used to accelerate R&D, expand business development activities, and establish a new overseas manufacturing facility.Investors participating in the first close include Universal Materials Incubator (UMI) and MTG Ventures, Bank of the Ryukyus, Future Food Fund, and Shinryo Fund. This Series B funding marks a major step forward in scaling our solutions globally and building a truly circular, sustainable business. Beyond agriculture, we are expanding across industries to integrate our organic SAPs into a range of products, including ice packs and cosmetics.