What is Bastcore?
Bastcore is a leader in the natural fiber supply chain, renowned for its patented hemp technology. This innovative technology is designed to foster more efficient and widespread utilization of hemp, often referred to as the original fabric of America. The company's focus on hemp positions it within a growing market driven by sustainability and versatile material applications.
How much funding has Bastcore raised?
Bastcore has raised a total of $2.8M across 1 funding round:
Series A
$2.8M
Series A (2021): $2.8M with participation from Poseidon Asset Management
Key Investors in Bastcore
Poseidon Asset Management
Poseidon Asset Management is a pioneer in the cannabis investment sector, specializing in hedge funds focused exclusively on marijuana and hemp. The company has launched multiple funds, including the recently opened Poseidon Garden Fund aimed at accredited investors. Since its inception in 2014, Poseidon has been dedicated to investing in the cannabis industry.
What's next for Bastcore?
The recent major strategic investment signals Bastcore's transition into a scaling phase, likely leveraging this capital for further technological development, market expansion, and strengthening its position in the natural fiber industry. The company's commitment to hemp technology suggests a forward-looking approach to sustainable materials and a potential for significant growth in various sectors.
See full Bastcore company page
