Startup Making Paper From Rock Seeks More Pre-IPO Funding
- Process uses no water to produce paper, catalogs and tableware
- TBM seeking financing to expand sales and production overseas
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Making paper out of rock isn’t just a novel idea — it saves water, is both recyclable and potentially biodegradable and uses a mineral resource available anywhere on earth.
TBM Co., a Japanese startup known for its technology that turns limestone into business cards, plastic folders and food containers, is seeking to raise another round of funding to expand overseas before it prepares for an initial public offering in a couple years.