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Australian deep tech investment fundTechCrunch
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Samsara Eco makes and sells fossil-free polymer resins that can be integrated into supply chains and replace plastic packaging and textile products with more sustainable alternatives.
The Australian startup secured an additional $65 million in all equity, equivalent to AUD $100 million , in a funding round.
The outfit started in 2020 in collaboration with the Australian National University , Woolworths , an Australian supermarket and grocery store, and Main Sequence Ventures .
Samsara has raised $73 million (AUD $164 million ) since its inception in 2020 .
The startup has a team of 60 staff across Australia and North America , with plans to expand the team in North America and Singapore to 90 by the end of 2025 .
The outfit did not provide its valuation.
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