Woamy
Reducing plastic waste and creating sustainable foam products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
N/A | Support Program | ||
| Total Funding | 000k | ||
| EUR | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 14 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (471 %) | (1088 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Woamy is a Finnish startup specializing in the development and production of sustainable, biodegradable, and recyclable foam materials. The company operates in the eco-friendly packaging and materials market, providing an innovative alternative to traditional plastic and foam products. Woamy's unique cellulose-based foam is not only biodegradable but also non-toxic and even edible, making it a groundbreaking solution in the fight against plastic waste.
The company primarily serves businesses looking for sustainable packaging solutions. This includes industries such as consumer goods, electronics, and food packaging, where the need for protective yet environmentally friendly materials is critical. Woamy's clients are typically forward-thinking companies that prioritize sustainability and are eager to reduce their environmental footprint.
Woamy's business model revolves around B2B (business-to-business) collaborations. They invite companies to participate in pilot projects to test and implement their biofoam materials. By doing so, Woamy not only generates revenue through these partnerships but also accelerates the adoption of their innovative technology in various industries. The company makes money by selling its foam products directly to businesses and through licensing agreements for its proprietary production processes.
The startup has garnered significant attention and accolades, including closing a million-dollar seed round and being part of the Kiuas 2022 Alumni. Their foam materials are noted for their superior strength, lightness, and impressive insulation properties compared to other bio-based foams. This makes them a versatile option for a wide range of applications, from packaging to insulation.
In summary, Woamy is at the forefront of sustainable material innovation, offering a viable and eco-friendly alternative to traditional foams. Their cellulose-based foam is poised to transform the packaging industry by providing a solution that is strong, flexible, and environmentally responsible.
Keywords: sustainable packaging, biodegradable foam, recyclable materials, cellulose-based, eco-friendly, non-toxic, edible foam, pilot projects, B2B collaborations, innovative technology.