Japanese startup that makes paper from stone raises $27 mn
Japanese startup TBM that develops paper called 'Limex' made from limestone has announced that it has raised around $27 million in funding. It was raised from third-party share allocations to investors including ITOCHU Corporation, Goldman Sachs Group, and Shinsei Corporate Investment, the startup said in a statement. Founded in 2011, TBM's Limex paper is made almost without water or trees.