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Phaxtec
AddedFeb 19, 2024
UpdatedJun 18, 2026
Phaxtec

Phaxtec

Angel

PHAXTEC: An advanced materials start-up offering biodegradable PHA biopolymers for diverse industries.

HQ
Wake Forest, NC, US
Founded
2019
Overview
Compare
Fundraising
Employees

Founded with a mission to provide sustainable and natural material solutions, PHAXTEC is an advanced materials start-up specializing in the production of PHA (Polyhydroxyalkanoates) biopolymers. These biopolymers are biodegradable in soil, freshwater, and marine environments, making them an eco-friendly alternative to traditional plastics. PHAXTEC focuses on serving the food service packaging, agriculture, and personal care industries, offering products that are versatile like plastics but environmentally friendly like paper.

PHAXTEC has garnered attention for its innovative approach to material science, leveraging fermentation processes to produce renewable carbon-based biopolymers. The company has attracted notable investors and industry experts who support its vision of reducing plastic waste and promoting sustainability. Through its cutting-edge products, PHAXTEC has made a significant impact on reducing environmental pollution and advancing the use of biodegradable materials in various sectors.

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Phaxtec - Quick Facts

Who are Phaxtec's competitors?

Companies similar to Phaxtec include Magnimer Compounds, Hya Bioplastics, Danimer Scientific and Terramer.

When was Phaxtec founded?

Phaxtec was founded in 2019.

Where is Phaxtec's headquarters located?

Phaxtec's headquarters is located in Wake Forest, NC, US.

When was Phaxtec's last funding round?

Phaxtec's most recent funding round was for $75k (USD) in September 2022.

How much has Phaxtec raised to-date?

As of Sep 22, 2022, Phaxtec has raised a total of $331k (USD).

How many employees does Phaxtec have?

Phaxtec has 3 employees as of Feb 4, 2024.

Phaxtec - Classification

Ownership
  • Venture Capital
Technology
  • Biotech
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Transactional
Customer
  • Enterprise
Main Product
  • Biopolymers
  • Packaging
Tags
  • Cleantech
  • Materials
NAICS
  • 320000Manufacturing
  • 325300Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing
  • 325320Pesticide and Other Agricultural Chemical Manufacturing
  • 325000Chemical Manufacturing
SIC
  • 2870Agricultural Chemicals
  • 2879Pesticides And Agricultural Chemicals, Not Elsewhere Classified
  • 2800Chemicals And Allied Products
Show 2 more industry codes
SIC
  • 2890Miscellaneous Chemical Products
  • 2899Chemicals And Chemical Preparations, Not Elsewhere Classified