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DateInvestorsAmountRound
-

N/A

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$20.0k

Grant

AUD75.0k

Seed
*

AUD535k

Grant
*

AUD11.0m

Series A
*

AUD13.0m

Debt
*

AUD2.5m

Grant
*

AUD5.0m

Early VC
*
N/A

N/A

Debt
Total Funding€11.3m

Recent News about Great Wrap

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Great Wrap is an innovative Australian startup that addresses a significant environmental issue: plastic waste. The company manufactures compostable stretch wrap made from food waste, which serves as an eco-friendly alternative to traditional plastic cling wrap. This product is designed to break down completely without leaving harmful microplastics behind, making it a sustainable choice for both consumers and businesses.

Great Wrap primarily serves two types of clients: individual consumers and businesses. For consumers, the company offers products like the Great Mate Starter Kit and Nudie Rolls, which are suitable for everyday home use. For businesses, Great Wrap provides Compostable Pallet Wrap, which is ideal for securing large shipments and reducing plastic waste in commercial operations.

Operating in the sustainable packaging market, Great Wrap is part of a growing movement towards eco-friendly products. This market is driven by increasing consumer awareness of environmental issues and a shift towards sustainable practices in both homes and businesses.

The business model of Great Wrap is straightforward. They generate revenue by selling their compostable stretch wrap products directly to consumers through their website and potentially through other retail channels. Additionally, they cater to businesses that require bulk purchases of sustainable packaging solutions.

Great Wrap's commitment to innovation is evident in their approach to product development. The company employs a team of bio designers, engineers, and scientists who focus on creating packaging solutions at the molecular level. This scientific approach ensures that their products not only meet but exceed environmental standards.

In summary, Great Wrap is a forward-thinking company that combines scientific innovation with a strong commitment to sustainability. By offering compostable stretch wrap made from food waste, they provide a practical solution to the plastic pollution crisis, benefiting both the environment and their customers.

Keywords: compostable, stretch wrap, food waste, sustainable, eco-friendly, packaging, innovation, Australian, bio design, plastic alternative.

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