Baneco closes Pre-Seed round

🚀 Big news from Baneco!

We’ve officially closed our $750,000 Pre-Seed Round at an $8 million valuation.

This marks a major milestone in our mission to transform banana agricultural waste into the next generation of sustainable materials — from bioplastics and fibre-moulded packaging to textiles and beyond.

Richard Corbett, Baneco CEO, said:

“This raise validates the hard work of our team, the belief of our investors, and the growing global demand for sustainable solutions. Following successful trials with major clients across Europe, Asia, and the Americas, we’re proving that what was once considered waste can become a valuable asset — for farmers, for industry, and for the planet.”

Thank you to our 12 investors across 3 counties and everyone who has supported us on this journey so far.

Next up: product delivery, scale, and Series A 🚀