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Delft-based Loop Biotech, an initiator and builder of the world’s first ‘dwelling’ coffin, a sustainable different to the normal coffin, introduced on Thursday that it has raised €2M in funding in 2 weeks by crowdfunding.
Final month, the corporate introduced the graduation of its crowdfunding marketing campaign on Invesdor, the biggest platform for sustainable tasks in Europe.
The marketing campaign aimed to draw buyers excited about natural life and ran for 2 weeks. The shares began at €250, and strategic companions, together with Limbraco and Orange Wings Investments a.o. had already deposited €500,000.
‘We’re extremely grateful and excited to welcome all our new 1000+ shareholders. Collectively, we’ve achieved this milestone, and collectively, we intention to attain many extra. Thanks for believing in our mission to complement nature. Let’s go BIG collectively,” says Bob Hendrikx, CEO & Founding father of Loop Biotech.
What does Loop Biotech clear up?
Loop Biotech is addressing the rising demand for biodegradable funeral merchandise. The sustainable coffin, urn, and service reside objects constituted of upcycled hemp and mycelium, the underground root community of mushrooms.
Bob Hendrikx found the potential of mycelium – the foundation community of mushrooms – throughout his materials analysis at TU Delft. Mycelium converts each toxins in addition to useless, natural supplies into precious vitamins for nature. It turned out to be the proper materials for, and subsequently, the driving pressure behind, the self-composting, pure coffin.
A Loop coffin is grown in seven days and, in best circumstances, absolutely absorbed by nature in solely 45 days. This burial methodology then varieties an natural supply for brand new life.
New associate Limbraco, a world chief in turn-key mushroom farms and sustainable local weather expertise, helps Loop to scale up.
Loop Biotech: Restoring steadiness
Based in 2020 by Bob Hendrikx, Loop Biotech goals to revive steadiness with nature by offering eco-friendly options for on a regular basis merchandise on a world scale, beginning with the funeral trade.
The corporate’s product, Loop Dwelling Cocoon, is a sustainable different to the normal coffin. It contributes to the environment friendly composting of a physique, thus offering an enriched nutrient medium for bushes and vegetation.
Moreover, the corporate additionally launched a service (Loop ForestBed), and an urn (Loop EarthRise).
“We intention to make Loop merchandise accessible for everybody and each finances. Demand is rising, and we need to develop our manufacturing facility to supply sooner, higher, and cheaper. To do this, now we have to upscale. Additionally, we need to encourage individuals to really feel extra snug pondering and talking about dying. We provide a brand new view on funeral merchandise: sustainability, design, and good for each individuals and the planet. A rising variety of individuals are buying their vouchers now for a Loop funeral product to make use of later. Collectively we are able to make the earth extra livable – for us and for generations to return. Let’s shut the loop,” provides Hendrikx.
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