Natrify, a Cairo-based biotechnology startup, has raised a six-figure Pre-SEED round from Ambo Ventures, an African startup investor. The startup’s goal is to reduce plastic waste and assist businesses in achieving a negative green premium. The objective of Natrify is to address the growing environmental damage caused by plastic production and disposal.
Natrify developed Adigide, the first product of its sort in the MENA region. Adigide is a genetically engineered microorganism-derived bioplastic. The product has the same properties and applications as petroleum-based plastic while causing no environmental harm. Adigide biodegrades naturally in any environment, including marine ones, making it safe for both marine life and people. Adigide has the same market price as ordinary plastic, but it is more environmentally friendly.
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Natrify is expanding its business both domestically and internationally. The business has reached an agreement to help Natrify enter the US market. It is currently preparing to open its pilot plant in Egypt as a springboard for its activities in the MENA region’s market, and it also plans to open a licensing agreement in the UK by the end of this year.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh