Singapore
AlterPacks, founded in 2019 and headquartered in Singapore, operates at the intersection of biotechnology and sustainability. The company is pioneering advanced materials by upcycling food by-products to curb single-use plastics.
Positioned under the mantra "From Waste to Worth," AlterPacks employs proprietary technology to transform spent grains and agriculture waste into a plant fiber material for rigid packaging. Notably, this material is composed entirely of organic waste and is certified as home compostable and food contact safe by both the US FDA and the Singapore Food Agency.
Strategically, AlterPacks is expanding its distribution networks globally and engaging in collaborations with international agencies to address plastic pollution effectively. The company received a $1.00M Pre Seed Round investment on 03 January 2023 from prominent investors including Plug and Play APAC, SEEDS Capital, Earth Venture Capital, and Alice Foo, underscoring confidence in their mission and market potential.
