Footprint creates plant-based, bagasse-derived alternatives to single-use plastics, helping companies reduce their environmental impact. Founded by former Intel engineers Troy Swope and Yoke Chung, the company operates globally, providing sustainable solutions for trays, cups, lids, and more.
With $1.28 billion raised, a valuation of $1 billion, and 1,001-5,000 employees as of July 2025, Footprint is driving innovation in materials science while supporting businesses in meeting their sustainability goals.
What Is Footprint and What Does It Do?
Footprint develops and manufactures sustainable packaging materials for consumer goods, food service, and frozen products. The company’s mission is to replace plastic with eco-friendly alternatives that perform as well as, or better than, conventional materials.
Footprint also provides research-driven solutions to help companies meet regulatory requirements and environmental objectives, while reducing carbon footprints and waste in global supply chains.
How Much Funding Has Footprint Raised?
1. Debt Financing
- Amount Raised - $171M
- Date - June 2021
- Lead Investors - Not publicly disclosed
- Motivation - Support ongoing growth and technology development.
2. Series A
- Amount Raised - $276.6M
- Date - December 2020
- Lead Investors - Olympus Partners
- Motivation - Scale operations and expand sustainable material offerings.
3. Venture Round
- Amount Raised - $829.5M
- Date - October 2023
- Lead Investors - Not publicly disclosed
- Motivation - Accelerate product innovation and expand global reach.
Total Funding Raised - $1.11 Billion
Current Valuation - $1 Billion (as of Sep 2022)
Latest Funding Date - April 2023
Key Investors
1. Olympus Partners
- Details: Venture capital firm investing in growth-stage companies across multiple sectors.
- Investment Focus Areas: Technology, materials, and sustainability.
- Notable Investments: Footprint, Accelevation, AmSpec Parent, LLC, Ann’s House of Nuts, Petmate..
2. S2G Investments
- Details: Venture capital firm focused on sustainable food and agriculture innovations.
- Investment Focus Areas: Sustainable products, ESG-driven businesses.
- Notable Investments: Footprint, Sweetgreen, Back to the Roots, EarthOptics, MEND.
3. Cleveland Avenue
- Details: Investment firm focused on consumer brands and food & beverage companies.
- Investment Focus Areas: Consumer goods, sustainability.
- Notable Investments: Footprint, Apologue, Aigen, Beatclub.
4. Trinity Capital
- Details: Investment firm providing capital to growth-stage businesses.
- Investment Focus Areas: Technology, industrial innovations, and sustainability.
- Notable Investments: WHOOP, Angel Studios, TQA, Cart.com.
Where Is Footprint’s Headquarters?
Footprint is headquartered in Gilbert, Arizona, USA, a strategic location that supports its global operations. The company also has a presence in Mexico, Europe, and Asia, allowing it to efficiently serve multinational clients and maintain close collaboration across its international manufacturing and research facilities.
What’s Next for Footprint?
Footprint is focused on scaling its operations, expanding global production capabilities, and continuing to innovate in sustainable packaging. The company aims to help businesses meet ESG and climate goals while creating compostable, recyclable, and biodegradable materials that rival conventional plastics in performance.
As environmental awareness grows and regulatory pressures increase, Footprint is well-positioned to capture market share, strengthen its industry leadership, and drive the shift toward a plastic-free future.
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