Nfinite Nanotech, a developer of plastic-alternative nanocoatings, has secured a USD 6.5M seed round.
Led by Collateral Good and supported by Suzano Ventures, FTW Ventures, MaRS IAF, Overlay Capital, Ponderosa, Republic Capital, and non-dilutive funding from Next Generation Manufacturing Canada. Nfinite’s nanocoating technology aims to address the plastic packaging issue by providing ultrathin, high-performance barrier coatings that maintain the recyclability and compostability of sustainable packaging, while also preserving product freshness and shelf life.
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CEO Chee Hau Teoh highlighted that the funding will enable Nfinite to scale operations, enhance R&D, and strengthen market position in eco-friendly packaging. With global plastic waste at 400 million tonnes annually and the sustainable packaging market projected to reach USD 737.6 billion by 2030, Nfinite’s solutions are timely and essential.
Michael Kleindl of Collateral Good praised Nfinite’s ability to overcome barriers to eco-friendly packaging adoption, while Paula Puzzi of Suzano Ventures emphasized the strategic importance of Nfinite’s coatings in reducing environmental impact. Frank Lehmann of Amcor and Hiroki Taenaka of Mitsubishi Corporation (Americas) also expressed strong support for Nfinite’s innovative approach and potential to drive sustainability in packaging.
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