Cruz Foam: Secures $18M in Series A Funding

Cruz Foam Secures $18M in Series A Funding

• Cruz Foam, a Santa Cruz CA-based provider of bio-based, regenerative replacements for the packaging industry, raised $18M in Series A funding
• The round was led by Helena, with participation from One Small Planet, Regeneration.VC, At One Ventures, and SoundWaves
• The company intends to use the funds to accelerate and scale the commercialization of its circular materials to respond to the market demand
• CruzFoam is a circular materials company that produces regenerative, earth-digestible protective packaging foam and other solutions that offer a sustainable alternative to petroleum-based products
• The company also announced its conversion to a Benefit Corporation, formalizing its longstanding commitment to creating a more sustainable planet
• CruzFoam will report annually on its progress in achieving its public benefit