Plastic-eating enzyme start-up banks $54m to build its first facility

Samsara Eco, a start-up that uses plastic-eating enzymes to produce recycled packaging, has banked $54 million to build its first commercial 20,000-tonne facility in Melbourne.

Early investor Woolworths has already signed up for 5000 tonnes of its polyester product.

The large series A funding round has attracted new investors Breakthrough Victoria, Temasek, Assembly Climate Capital, DCVC and INP Capital, which join Main Sequence, Woolworths Group’s W23 and the Clean Energy Finance Corporation Innovation Fund, managed by Virescent Ventures.