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Enzymity logo — Bio-platform for true circularity of plastics

Enzymity

Bio-platform for true circularity of plastics

Founded 2021 Latvia Latvia 2 employees Grant Total: $150.00K Biotechnology, Sustainability

General Information

Company Name Enzymity
Founded Year 2021
Location Latvia Latvia +1
Employees 2
Industries Biotechnology, Sustainability
Funding Stage Grant
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About Enzymity

Enzymity is a Latvian based biotechnology startup founded in 2021. The company's slogan "Bio-platform for true circularity of plastics" highlights its primary focus on sustainability and innovation in the plastic industry. Enzymity is developing a pioneering method that utilizes synthetic enzymes to break down polymers, such as plastics and resins, into monomers. These enzymes are specifically tailored for different types of materials, like PET or synthetic rubber, and are produced by genetically modified microorganisms. The resulting monomers can be used to create new virgin polymers, effectively reducing the dependence on fossil fuel-derived plastics and promoting a sustainable cycle of plastic use. Unlike mechanical recycling prevalent in the industry, Enzymity's process does not compromise the material's quality and can be repeated multiple times, offering a genuine circular solution. On 05 July 2022, the company secured a €100.00K grant investment, signifying investor confidence in the disruptive potential of Enzymity's technology. This innovative approach has the potential to address one of the pressing global challenges – plastic waste – by providing a circular and sustainable alternative. As the demand for eco-friendly solutions continues to rise, Enzymity's biotechnological advancements position the company at the forefront of sustainable innovations within the plastic industry. With this recent investment, the company is poised to further develop its groundbreaking technology and make strides towards a more sustainable future.

Taxonomy: Circular economy, Polymer recycling, Synthetic enzymes, Monomer production, Genetic modification, Microorganism engineering, Sustainable materials, Plastic degradation, Virgin polymer production, Fossil fuel reduction

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• - 05 Jul 2022
Convertible Note •••••• - 29 Mar 2022
Grant •••••• 1 •••• •••• 27 Feb 2022
Grant •••••• - 22 Feb 2022

Enzymity Alternatives & Competitors

Enzymity vs
Arzeda
Arzeda United States

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Unknown
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Enzymity vs
ExcelPlas
ExcelPlas Australia

Australia's leading independent experts of Polymer Testing, Geosynthetics Testing, Geotextile Testin...

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Enzymity vs
Sirmax
Sirmax Italy

Proximity Compounding

317 employees
Industrial, Manufacturing

FAQ About Enzymity

Bio-platform for true circularity of plastics
Enzymity was founded in 2021.
Enzymity is headquartered in Latvia.
Enzymity operates in the following industries: Biotechnology, Sustainability.
Enzymity has approximately 2 employees.
Enzymity has completed 4 funding rounds, raising a total of $150.00K. The latest funding stage is Grant.
Top alternatives and competitors to Enzymity include Arzeda, ExcelPlas, Sirmax, FiberX Products, Sumitomo Bakelite North America, Inc. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Enzymity and Arzeda are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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