Australian startup Uluu raises $13.5m to scale eco-friendly plastics

• ByStartupStory     |    October 30, 2025

Australian climate-tech startup Uluu has successfully raised AUD 16 million (approximately US$13.5 million) in a Series A funding round to scale its pioneering technology that transforms seaweed into a sustainable alternative to conventional plastics. The funding round was led by German growth investor Burda Principal Investments, with additional support from Main Sequence, Novel Investments (a family office of a major textile group), Startmate, Fairground, and Trinity Ventures.

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