TexPlast partners with FasterCapital to expand plastic recycling industry

TexPlast, an Estonian recycling startup, has announced its collaboration with FasterCapital to expand its efforts in converting waste plastic into premium polymer composite materials. While addressing waste management, TexPlast also fosters a circular economy and reduces reliance on virgin raw materials.

The startup has planned to raise capital of $500K. It will benefit from FasterCapital’s Acceleration program by receiving support services such as mentoring, reviews, and fundraising assistance. Using a vast network of mentors and investors, FasterCapital will aid the startup in overcoming scalability challenges and facilitate connections with like-minded investors who align with their vision.