202202 Jan

Israel’s Tipa Raises $70 Million for Cleantech


Tipa, an Israeli startup in the cleantech field, develops a new kind of packaging to replace plastic. Maybe someday the disposable plates, cups and utensils will even be made from something edible so you can eat them at the end of your meal instead of throwing them out. – “Our encounter with plastic packaging waste in our everyday lives has become a constant alarming reminder of the crisis we face as humanity,” said Daphna Nissenbaum, CEO of TIPA. “New solutions that move beyond plastic and beyond the failure of the recycling industry are required to solve this crisis. This round of funding is designated to support the company’s rapid growth and to enable a broader response to the growing market demand and continue to position TIPA as a world leader in compostable packaging solutions.”

Source: Jewishbusinessnews