We hope you enjoy this week's hand-picked selection of important and interesting stories from the frontiers of tech.
Portfolio ⇨ ULUU wants to solve the plastic crisis with seaweed
ULUU believes the solution to the plastic crisis lies in the world’s oceans. The Australian startup uses seaweed to create a plastic alternative and is planning to launch its first products in the next 12 to 24 months.
Today ULUU announced it has raised $8 million AUD (about $5.3 million USD) led by Main Sequence, with participation from Albert Impact Ventures, Mistletoe and Possible Ventures. (TechCrunch)
Portfolio ⇨ How Monite turbo-charges accounts
By offering businesses the ability to embed finance automation into their platforms, Monite solves CFOs' headaches involved with manual accounting processes. Via a single API, any B2B platform — from marketplaces to neobanks — can quickly add invoicing, payables automation, or expense management workflows into their solutions. (Business Age)
Portfolio ⇨ ‘Hybrid meat’? Meatable wants to get lab-grown meat to market faster by combining with plant-based proteins
Meatable, a VC-backed Dutch company that recently debuted its first product lineup in the form of synthetic sausages, [recently] announced a partnership with Singaporean food startup Love Handle to create what it touts as “the world’s first hybrid meat innovation center.” (TechCrunch)
Portfolio ⇨ Smitten: How to raise an A-Round in 2022
David Simonarson, CEO & Co-Founder at Smitten, tells the full funding story all the way from building a different product to doing a big pivot that totally changed the trajectory. (watch)
Space ⇨ LightSail 2 completes mission with atmospheric reentry
The Planetary Society’s LightSail 2 spacecraft has reentered Earth’s atmosphere, successfully completing its mission of nearly three-and-a-half years, during which LightSail 2 showed that it could change its orbit using the gentle push of sunlight, a technique known as solar sailing. (read)
Interesting adjacencies:
Katie Haun and Fred Wilson: Taking a long-term view of Web3 (link)
Illawarra couple moves into first home with the assistance of new OwnHome model (link)
What [Gabriel Ornelas] learned from wandering the forest with Fable Food Co (link)
Qatalog: How to build trust in remote teams [according to a recent Microsoft survey, just 12% of managers claimed to have full confidence in their remote staff] (link)
Lee Smolin shares his philosophical outlook on quantum mechanics (link)
If you'd like to see more of what we’re exploring at Possible Ventures, you can follow us on Twitter.