On December 9, 2019, EcoPackers completed its $4.3 million seed round led by Golden Ventures and Horizons Ventures. The funding will be used to hire engineers to create products that meet the requirements of EcoPackers’ partner companies while maintaining its 100% compostable mandate. The funding will also finance the launch of new products and aid in the company’s goal of eliminating 20,000 tonnes of plastic waste over the next 5 years.
EcoPackers is a Toronto based social enterprise specialized in the production of biodegradable bioplastics. EcoPackers positions itself against other bioplastics producers with the creation of their fully biodegradable bioplastic eco-resins.
Golden Ventures is a Toronto based venture capital firm with a focus on seed stage investments in firms founded and based in North America.
Horizons Ventures is a venture capital firm based in Hong Kong. Horizons Ventures is specialized in funding disruptive and technology focused growth stage companies.
Osler, Hoskin & Harcourt LLP advised EcoPackers with a team consisting of Andre Perey, David Jamieson and Matthew Griffin (Emerging and High Growth Companies).