Terraseed Secures Funding on Vevolution for Sustainable, Vegan Multivitamins
The supplement company is making multivitamins to fill vegan nutritional gaps and using the first-of-its-kind biodegradable bottle for packaging.
Boulder, Colorado, October 19, 2022 - Terraseed, a vegan supplement start-up based in Boulder, Colorado, recently closed its seed round of $750,000. Ahimsa Foundation, Techstars Ventures, and 4 angel investors participated in the round, and $47,000 was secured through the Vevolution Investment Marketplace.
Terraseed's founder, Maria Cebrian, founded the company to stop animal suffering and plastic pollution in the supplement industry. She discovered that many of the supplements she was taking were not vegan, and that they came packaged in plastic bottles. Therefore, Cebrian and the Terraseed team developed a vegan multivitamin using sustainably-sourced ingredients packaged in the first fully biodegradable pill bottle, bringing a whole new set of environmental responsibility standards to this $54B industry.
Many vegans supplement to fill in their nutritional gaps; this includes Omega-3, D3, and B12. However, several of these nutrients are most commonly found in non-vegan form, like fish-oil based Omega-3, or D3 sourced from sheep’s wool. Terraseed provides these nutrients, guaranteeing that they are sustainably sourced and do not come from animal sources.
In America, 77 percent of all adults take supplements. For adults who follow a vegetarian or vegan diet, finding animal-free supplements can be incredibly challenging; a report created by Terraseed found that 50 percent of supplements contain animal-derived ingredients.
Supplements are most commonly packaged in plastic bottles, most of which are not recycled and end up in the landfill. For example, in the United States, 86 percent of all plastic ended up in the landfill in 2019. Terraseed’s pill bottles are made from cellulose that comes from certified sustainable forests (FSC Certified), and can be composted in a commercial facility, recycled, or biodegraded down in a landfill.
The company’s round will be used to continue innovating in the supplement space with new vegan and sustainable products. Cebrian shared, “Vevolution was an excellent tool for Terraseed to connect with investors who are 100% aligned with our mission and fully understand our company's market opportunity.”
Link to article on Vevolution site.
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