TIPA Corp


TIPA Corp Ltd. is an Israeli company manufacturing biodegradable plastic packaging. The material used for the packaging is a patent-protected sheet combining plant-based and petroleum-based composition which looks and feels like regular plastic but still decomposes under compost conditions. The percentage of plant-based ingredients can be between 20-60%, depending on the type and shape of the packaging. As of 2020, the company's packages are used in supermarkets like Ocado, Waitrose, Google Express and fashion brands like Stella McCartney.

History

The company was founded by Daphna Nissenbaum and Tal Neuman in 2010. It is based in Hod HaSharon, Israel.
In 2013, the company raised seed of $2.5M.
In 2014, Li Ka-shing and his company Horizons Ventures led Round A, raising $10M.
In 2017, Gabriela Hearst and her husband John Augustine Hearst led Round B, raising $11M.
In 2019, the company raised additional $25M.
In 2020, the company was listed second on Forward Fooding's Food Tech 500 list.