
It's official - Sun Bear Biofuture have closed their pre-seed raise, which was led by the wonderful Unruly Capital and supported by the fabulous Tiny Supercomputer Investment Company and Plug and Play Tech Center.
Ben Wilding, CEO of Sun Bear Biofuture, said ‘We’re so pleased to have 3 fantastic investors onboard that each bring something unique to support us on our journey. The team is really excited and we cannot wait for the next phase of our journey as we seek to have a truly positive impact on the environment with our alternative oil.’
Stefano Bernardi, founder of Unruly Capital, had this to say about the investment:
“At Unruly we believe the future will be bio-built. As a species we don’t really have another choice. Palm oil is one of the simplest targets: it is an awesome product in most dimensions but one: sustainability. We’ve seen a few startups already try to tackle the issue, but think the team at Sun Bear have what it takes to bring to market a cost-competitive alternative at scale. And that’s immensely valuable.”
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