Footprint Funding, Investors & Competitors

Footprint has raised $1.1B across 2 funding rounds, most recently a $830M undisclosed-stage round in October 2023.

Last Footprint funding round

$830M

Undisclosed stage · Oct 2023

Cumulative funding Footprint raised

$1.1B

across 2 funding rounds

Key investors in Footprint

  • S2G Investments
  • Cleveland Avenue
  • Olympus Partners

Footprint Overview

About Footprint

Footprint is an Arizona-headquartered materials science company producing compostable plant-fiber alternatives to single-use plastics for food packaging. Its products include films, trays, cups, and bags designed for direct food contact, matching plastic performance in barrier properties and shelf life. Manufacturing facilities operate in the United States, Mexico, Europe, and Asia to serve global brands transitioning to circular economy materials amid regulatory shifts.


Founded

2013

HQ

United StatesPhoenix, AZ

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Footprint Funding History

Footprint has raised a total of $1.1B across 2 funding rounds.

Footprint's first fundraising round was a $277M Series A in October 2018. The most recent completed round was a $830M undisclosed-stage round in October 2023.

Footprint funding rounds

Footprint funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2023Undisclosed stage-$830MFootprint develops plant-based, bagasse-derived alternatives to single-use plastics such as trays, cups, and lids to help companies reduce environmental impact. Founded by former Intel engineers Troy Swope and Yoke Chung, the company has raised a total of approximately $1.28 billion across multiple rounds, including debt financing of $171M in June 2021, Series A of $276.6M in December 2020, and a $829.5M venture round in October 2023.
Oct 2018Series AOlympus Partners (lead); Cleveland Avenue; S2G Investments$277MFootprint is a material sciences company based in Gilbert, AZ, that designs, develops, and manufactures plant-based packaging products aimed at eliminating single-use and short-term use plastics. Its products are biodegradable, compostable, recyclable, and PFAS-free, targeting the industrial and packaging sector.

Who has invested in Footprint?

3 investors have backed Footprint across its funding rounds, including S2G Investments, Cleveland Avenue and Olympus Partners.

Lead investors include Olympus Partners.


Footprint Investors

Investors in Footprint by funding rounds participated
InvestorHQRoundsRoleFirst check
Cleveland AvenueUnited StatesChicago, IL1ParticipantOct 2018

This data is available for Pro users. Sign up to see all 3 Footprint investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Footprint Competitors

Footprint competitors include listed companies like First Solar and Nextracker, and private ones like Zume, PhaBuilder, BioElements and Toraphene.

Public and private companies comparable to Footprint
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ZumeUnited StatesLos Angeles, CAPrivate--$1.9B-
PhaBuilderChinaBeijingPrivate--$287M-
BioElementsChileSantiagoPrivate$6M-$200M33.3x
TorapheneUnited KingdomLondonPrivate$1M-$111M110.5x
First SolarUnited StatesUnited StatesPublicly listed$5.2B$2.1B$22B4.0x
NextrackerUnited StatesUnited StatesPublicly listed$3.6B$747M$13B2.9x

Footprint Public Comps

Footprint is still privately-owned, but its public comps include Smurfit WestRock, Coca-Cola FEMSA, First Solar, Packaging Corporation of America, Amcor, International Paper, Ball, Avery Dennison, Nextracker and Crown Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Smurfit WestRock$31B$4.2B1.2x1.2x8.8x7.5x
Coca-Cola FEMSA$17B$3.1B1.6x1.5x8.5x7.5x
First Solar$5.2B$2.1B3.8x4.0x9.7x7.7x
Packaging Corporation of America$9B$1.8B2.8x2.5x14.1x12.3x
Amcor$24B$3.3B1.4x1.4x10.0x9.1x
International Paper$24B($142M)1.2x1.1x(195.7x)8.8x
Ball$13B$2B1.7x1.6x11.2x10.8x
Avery Dennison$8.9B$1.4B1.9x1.8x11.8x10.9x

This data is available for Pro users. Sign up to see all Footprint competitors and their valuation data.

Start Free Trial

Common questions about Footprint

When was Footprint founded?Footprint was founded in 2013.
Where is Footprint headquartered?Footprint is headquartered in Phoenix, AZ, United States.
Is Footprint publicly listed?No, Footprint is a private, VC-backed company.
How much funding has Footprint raised?Footprint has raised $1.1B across 2 funding rounds.
What was Footprint's last funding round?Footprint's last funding round was a $830M undisclosed-stage round in October 2023.
Who are Footprint's investors?Footprint's investors include Cleveland Avenue, Olympus Partners and S2G Investments.
Which companies are comparable to Footprint?Companies comparable to Footprint include Zume, PhaBuilder, BioElements, Toraphene, First Solar and Nextracker.

See companies similar to Footprint

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial