Cruz Foam’s chitin-based packaging brings in $18M as industries scramble to go green

The best way to remove plastics from the ecosystem is to make sure they never get there in the first place, and Cruz Foam is well on its way to replacing some of the worst ones out there with its naturally-derived and compostable alternative — and the company just landed an $18M series A to do it faster.
Cruz Foam creates materials out of chitin, which is what makes up the shells of most crustaceans, like crabs, shrimp, lobsters and many land insects as well. It’s strong, stable, totally biodegradable, and boy is it plentiful: there are mountains of this stuff for the taking outside ever

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