/Companies

Equo

Techstars '21

Ho Chi Minh City, VN · Founded 2020 · 17 employees on LinkedIn · 8 known investors

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EQUO manufactures compostable, plastic-free alternatives to single-use plastic products, primarily straws and utensils, marketed to consumers globally. The company aims to reduce plastic pollution by making sustainable alternatives affordable and widely accessible.

Also known as EQUO · EQUO Vietnam

Founders & leadership

Equo was founded in 2020 by Marina Tran-Vu.

MTMarina Tran-Vu
Marina Tran-VuCEOMarina Tran-Vu spent over 15 years in brand management, product innovation, and marketing at major FMCG companies including Unilever, Bacardi, LG Electronics, and Spin Master before founding EQUO in 2021, which manufactures compostable, plastic-free alternatives to single-use products from materials like sugarcane, coconut, coffee, and rice.

Investors · 8

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · research · prnewswire.com · Not right? Tell us

Also in the syndicate · 6

Dimple MukherjeeJack Tai (OneClass)Jeff Hohner (Tecumseh Capital)Luke Vigeant (Shed Capital)Mark Groves (Create The Love / Mine'd)NextGen Ventureslead

Company profile

researched Sep 2026

EQUO is a Vietnam-based consumer products company that makes plastic-free, compostable alternatives to single-use plastic items. Its core catalogue consists of drinking straws made from rice, grass, coconut, sugarcane and coffee grounds, and disposable utensils (knives, spoons, forks) made from coffee grounds, sugarcane and FSC-certified wood. The range also includes recycled newspaper pencils and canvas tote bags, alongside an announced line of sugarcane food containers and cups, reusable totes and compostable bags for grocery, retail and home use. Products are described as 100% plastic-free, PLA-free, chemical-free and compostable, made from materials that would otherwise be discarded, such as sugarcane bagasse and coffee grounds.

The brand name is a contraction of "eco" and "status quo," reflecting a positioning around products with minimal environmental impact. EQUO sells to both consumers and businesses: a direct-to-consumer storefront sells retail packs (straws from $6.99, utensil packs from $6.99 to $11.99) while a separate wholesale site offers bulk cases of 1,000 units, custom-branded packaging, sample requests and price lists for foodservice and corporate buyers. As of the material reviewed, most listings on the direct store show as out of stock (33 of 35 products).

EQUO states that its products are ecolabel-certified and tested for compostability, toxin-free and gluten-free status and absence of heavy metals, with a shelf life of up to three years, and that uncoated utensils break down in nature within 12 months.

Founding story

Founder and CEO Marina Tran-Vu, a Vietnamese Canadian, conceived EQUO after a 2019 visit to Vietnam during which she was affected by the plastic pollution she observed. Motivated to protect Vietnam's landscape, to create a better future for her newborn nephew and to position Vietnam as a sustainability leader, she left her corporate career to start the company. The idea was formed in 2019 and the business officially launched the following year.

Business model

EQUO sells branded compostable straws, utensils and related goods through two channels: a direct-to-consumer e-commerce store offering small retail packs, and a wholesale operation selling bulk quantities (typically 1,000-count cases) to F&B businesses, offices and corporate buyers, with custom-branded packaging services and a sample/price-list request process.

Product sales: retail packs priced from roughly $6.99 to $11.99 on the consumer store, and wholesale/bulk cases priced from roughly $36.99 to $149.99 per 1,000 units, plus custom packaging services for business customers.

Traction

The company reports customers in 15 countries and a wholesale-site counter of roughly 25 million pieces of single-use plastic replaced. It holds an Amazon presence in three markets and published customer testimonials from Vietnamese cafés and workspaces. At the time of the 2022 seed announcement the company had been operating for two years with one year in the market.

Latest developments

The company continues to operate consumer and wholesale storefronts, publishing regular educational content through mid-2026 on topics including PLA and plastic content in "plant-based" straws, compostable takeaway containers, greenwashing, corporate gifting and sustainable events. Its wholesale offering emphasises custom-branded packaging and sample programmes for business buyers. Most items on the direct-to-consumer store were listed as out of stock.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

A sustainability-focused consumer brand in the single-use plastic replacement category, recognised as one of nine winners of the UNOPS S3i Innovation Center Sweden Global Challenge and a Top 18 finalist in the UNDP Ending Plastic Pollution Innovation Challenge. It is backed by NextGen Ventures, Techstars and East Ventures, and is noted as a solely female-founded company in a region where such startups receive a small share of venture funding.

The company positions on being PLA-free and chemical-free rather than merely plant-based, on using unusual feedstocks (coffee grounds, rice, grass, coconut, sugarcane) that do not require consumers to change behaviour, on affordability and accessibility, and on consumer-facing branding and education in a product category it describes as traditionally overlooked. Investors cited the founder's CPG brand and global marketing experience.

Technology

Material substitution rather than bioplastics: straws are produced from rice flour and tapioca starch, sugarcane bagasse, grass, coconut and coffee grounds, and utensils from coffee grounds, sugarcane and FSC-certified wood. The company states its items contain no PLA, plastic derivatives or BPA, are not wax- or plastic-coated, and are validated for compostability, toxin-free and gluten-free status, and absence of heavy metals.

Go-to-market

Distribution spans Amazon in the US, Canada and Australia, the company's own website, the wholesale marketplace Faire, and select F&B establishments and retailers in Vietnam, Singapore and Europe. A dedicated wholesale site handles sample requests and business enquiries. Marketing emphasises consumer education about plastic and material alternatives through a regularly published blog, and the company appointed professional golfer Michelle Wie West as global brand ambassador in 2022, targeting golf clubs, resorts, stadiums and sporting events.

Eco-conscious retail consumers, plus business buyers including cafés, restaurants, bakeries, offices and event organisers; customer testimonials come from Vietnamese F&B operators such as Bui Garden, Bakes Saigon, The An Coffee, Luia Cafe and workspace operator The Sentry P.

Geography

Headquartered in Ho Chi Minh City, Vietnam, with customers in 15 countries. Products are sold via Amazon in the US, Canada and Australia, through the wholesale marketplace Faire, and through F&B establishments and retailers in Vietnam, Singapore and Europe. The seed round involved legal advisers in Singapore and Vietnam.

History

Founded in 2020 by Marina Tran-Vu, EQUO entered the market with drinking straws and subsequently broadened its portfolio to utensils made of coffee and wood, sugarcane food containers and cups, reusable totes and compostable bags. In April 2022 it announced a $1.3 million seed round and named Michelle Wie West as global brand ambassador. The company has since grown from a startup into an international business serving customers in 15 countries, and operates a separate wholesale channel with customisation services.

Risks & controversies

The direct-to-consumer catalogue showed 33 of 35 products out of stock, indicating potential supply or inventory constraints. The company competes in a category where sustainability claims are widely contested, a topic it addresses in its own consumer education content.

Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Countries with customersJan 202615
HeadcountAug 202617
Pieces of single-use plastic replaced (company-reported counter)Jan 2026~25 million
Product shelf lifeJan 20263 years
Products listed out of stock on direct storeJan 202633 of 35 products out of stock

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
Apr 2022
EQUO raises $1.3M seed round led by NextGen Ventures

Vietnam-based EQUO announced $1.3 million in seed funding led by NextGen Ventures with participation from Techstars, East Ventures and several angel investors. Funds earmarked to expand the product line, develop technical capabilities to scale, and increase global brand awareness. The company was advised by Drew & Napier in Singapore and Allens in Vietnam.

$1.3M source ↗

Apr 2022
Michelle Wie West named global brand ambassador

EQUO announced a global partnership with professional golfer and businesswoman Michelle Wie West, a deal secured on the Players TV show Front Office.

source ↗

Apr 2022
Named a winner of the UNOPS S3i Innovation Center Sweden Global Challenge

EQUO was named one of nine winners of the UNOPS S3i Innovation Center Sweden Global Challenge.

source ↗

Apr 2022
Top 18 finalist, UNDP Ending Plastic Pollution Innovation Challenge

EQUO was named a Top 18 Finalist in the Ending Plastic Pollution Innovation Challenge run by the UNDP.

source ↗

Apr 2022
Expansion beyond straws into utensils, containers and bags

After launching with drinking straws, EQUO announced an upcoming line of utensils made of coffee and wood, sugarcane food containers and cups, reusable totes, and compostable bags for grocery, retail and home use.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 9

primary sources listed
  • Equoshopequo.com · web

9 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Equo do?
EQUO makes 100% plastic-free, compostable straws and utensils from rice, grass, coffee, coconut and sugarcane.
Who founded Equo?
Equo was founded by Marina Tran-Vu in 2020.
Who are Equo's investors?
Equo's investors include Techstars, East Ventures.
Where is Equo headquartered?
Equo is headquartered in Ho Chi Minh City, VN.