Nohbo, a leader in the development of groundbreaking water-soluble packaging technologies, closed a Series A round of funding led by Material Impact.
WHO: Florida-based Nohbo, founded by Benjamin Stern, is pioneering the research and development of podded personal care products. The company has developed a range of patented technologies that dissolve in water, leaving no trace of plastic behind. Collaborating with brands, retailers, and hotels, Nohbo assists in transforming traditional products into eco-friendly, package-free alternatives.
WHY: The funds will bolster Nohbo's growth within the hospitality sector and expedite the widespread adoption of its revolutionary technology.
IN THEIR OWN WORDS: "We are thrilled about the prospects this investment brings to Nohbo and grateful that both consumers and the planet will benefit from our innovative solutions," said Ben Stern, founder and CEO of Nohbo. "With the backing of Material Impact and our other investors, we will expand our commercial offerings and disrupt the industry.”
"At Material Impact, we help build companies that can make the world better, cleaner, and sustainable,” said Adam Sharkawy. “We are proud to continue the journey with Nohbo as they continue to pioneer inventive solutions to obviate plastic bottles for personal care products, an industry that is primed for disruption now more than ever.”
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