United States · Renewables & environment startup

Cruz Foam

Cruz Foam is a circular materials technology company based in Santa Cruz, California, founded in 2017 by John Felts and Marco Rolandi.

Funding reportedLast round: Series A

Renewables & environmentSanta Cruz, United States

About Cruz Foam

Cruz Foam is a circular materials technology company based in Santa Cruz, California, founded in 2017 by John Felts and Marco Rolandi.

The company focuses on eliminating single-use plastics by developing compostable alternatives to traditional petroleum-based foams. Cruz Foam is known for creating the world's first commercially scaled bio-foam, which is certified compostable under ASTM D6400. The company has raised $25.1 million in funding and was recognized as one of Time Magazine's Best Inventions of 2023. Cruz Foam's proprietary technology utilizes chitin extracted from shrimp and crustacean shells to produce biodegradable foam products. Their offerings include protective packaging solutions for consumer goods, temperature-controlled packaging for cold-chain logistics, and custom foam designs tailored to specific needs. The company emphasizes sustainability, with products that are compostable, biodegradable, and recyclable, making them a viable alternative to conventional foams. Cruz Foam partners with various industries, including consumer-packaged goods, electronics, and the wine and spirits sector, to promote eco-friendly packaging solutions.

What company datasets say Cruz Foam raised

Funding, as reported

Reported in all$25Min dollars
Rounds12
Last roundSeries A
Last round size$18M
Last round dateOct 2022
Investors listed13

Founders and team

From Cruz Foam's own website: 1 founder, 1 on the team.

John FeltsCEO & Co-Founder
  • Tom ChiExecutive Chair

AdvisersMarco RolandiAshton KutcherChuck McBrideDan HutchinsHilary BryantLeonardo DiCaprioLinda KealaMark PriceRey BanataoToby Corey

On 4 portfolio pages

Investors who name them

Each firm lists Cruz Foam on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

bio-foamconsumerstransportation_logisticsimpact protectiondistributionmanufacturingother plastics product manufacturinginformation technology & servicescircular materialsimpact-resistant packagingcold chain insulationfood waste upcyclingmechanical or industrial engineeringserviceslomi-approvede-commerce

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Sector
Renewables & environment
Industry code
NAICS 326199, SIC 3999, 3089
Region
California
Full record
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Renewables & environment in United States

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