NILO Secures $13 Million in Series A Funding to Revolutionize Plastic Waste Economy

NILO, an innovative deep tech company based in Auckland, New Zealand, has successfully secured $13 million in funding to advance its mission of creating a sustainable future where nothing goes to waste. The capital, raised from esteemed investors including SDG Impact Japan, Clare Foundation, Icehouse Ventures, and K1W1, will be instrumental in propelling NILO's pioneering technology that transforms plastic waste into valuable products that can seamlessly integrate into current supply chains. This funding marks a significant step forward in NILO's drive to replace problematic materials like urea formaldehyde and concrete with eco-friendly alternatives, aiding in the transition to a circular economy. NILO operates at the intersection of scientific innovation and traditional Kiwi/Māori principles, where the concept of kaitiakitanga, or guardianship, plays a central role in their approach to environmental stewardship. This investment will enable NILO to expand its capabilities in repurposing not just plastic waste, but also construction debris, tires, and other solid wastes, thereby opening new avenues for sustainable practices across multiple industries. With a dedicated team of chemists, engineers, and entrepreneurs, NILO is determined to redefine what waste means, transforming it from a societal burden into an opportunity for innovation and sustainable growth. As NILO moves forward, the company remains committed to leading the charge in the new plastic waste economy, ultimately contributing to a cleaner planet for future generations. To stay updated on NILO’s journey and learn more about their game-changing initiatives, visit NILO.world.