Leonardo Dicaprio Shows The Way As Nature Coatings Secures $2.45m In Funding To Accelerate The Growth And Expansion Of Bio-Based Pigment Solutions
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Nature Coatings, a leading biochemicals company transforming waste materials into bio-based, safe, and renewable solutions, is proud to announce the successful completion of an oversubscribed $2.45 million Seed funding round.
The investment round was led by Regeneration.VC and The 22 Fund, with participation from actor and environmentalist Leonardo DiCaprio, Safer Made, and Portfolia.
“Nature Coatings offers a bio-based, long term solution that can be translated across many industries contributing to the mission for a cleaner, more sustainable environment. I am excited to join as an investor and support the company’s growth that will enable brands to adopt safer practices, while also educating the consumer on more sustainable products.” said Leonardo DiCaprio.
This significant investment follows the highly successful launch of Nature Coatings' flagship product, BioBlack TX, their carbon-negative and high-performing alternative to polluting and toxic petroleum-derived carbon black.
This groundbreaking dispersion is entirely bio-based, boasting a unique black pigment sourced from FSC certified wood waste.
It has garnered worldwide acclaim and has been embraced by renowned fashion brands like the Kering Group, Levi's, Bestseller's Jack & Jones and Selected HOMME, as well as Vollebak.
Founder and CEO of Nature Coatings, Jane Palmer ,a veteran in the pigment and dyes industry with over two decades of experience, expressed her motivation behind the company's vision, stating, “Working in the pigment and dyes industry for over 20 years, I’ve seen the negative impact it has had on our environment and health. This inspired me to find a way to develop something better, something that is safe enough to be buried in my vegetable garden. At Nature Coatings, our vision is to create a future where the chemical industry operates in harmony with nature, and this new investment will take us closer to our goal.”
This recent investment will enable Nature Coatings to expedite the adoption of BioBlack TX by expanding manufacturing capabilities, strengthening the senior team, and establishing a global distribution network.
About Nature Coatings
Since its inception in 2017, Nature Coatings has been at the forefront of innovation with BioBlack TX.
This solution not only benefits the planet by being free of fossil fuels and sequestering more carbon dioxide than it emits, but it also prioritizes the health and well-being of individuals by containing non-detected Polycyclic Aromatic Hydrocarbons (PAHs) and carcinogens, and having less than 0.1% of Volatile Organic Compounds (VOCs).
With its cost-competitiveness and superior performance, BioBlack TX aids companies in their decarbonization efforts and compliance with impending regulations like MRSLs (Manufacturing Restricted Substance Lists). In addition to the textile industry, BioBlack TX can be applied in various other sectors, including paint, automotive, package printing, and more.
