QUICK INFO BOX
| Attribute | Details |
|---|---|
| Full Name | Matthew Jaeger |
| Nick Name | Matt |
| Profession | Tech Entrepreneur / CFO / Co-Founder |
| Date of Birth | ~1998 |
| Age | ~26-28 (as of 2026) |
| Birthplace | United States |
| Hometown | Orlando, Florida |
| Nationality | American |
| Religion | Not Publicly Disclosed |
| Zodiac Sign | Not Publicly Disclosed |
| Ethnicity | Not Publicly Disclosed |
| Father | Not Publicly Disclosed |
| Mother | Not Publicly Disclosed |
| Siblings | Not Publicly Disclosed |
| Wife/Partner | Not Publicly Disclosed |
| Children | Not Publicly Disclosed |
| School | Not Publicly Disclosed |
| College / University | University of Central Florida (UCF) |
| Degree | Actuarial Science (2016-2021) |
| First Startup | SOAR Aerospace (2017) |
| Current Company | Soarce |
| Position | Co-Founder & CFO |
| Industry | CleanTech / Sustainable Materials / Biomaterials |
| Known For | Developing seaweed-based nanocellulose materials |
| Years Active | 2017 – Present |
| Net Worth | Estimated $2-5 Million (2026) |
| Annual Income | Not Publicly Disclosed |
| Major Investments | Soarce equity stake |
| Not Publicly Available | |
| Twitter/X | Not Publicly Available |
| linkedin.com/in/matthew-jaeger-08096419b/ | |
| Company Website | soarceusa.com |
| Company LinkedIn | linkedin.com/company/soarceusa |
1. Introduction
At just 26 years old, Matthew Jaeger has co-founded Soarce, a company transforming organic waste and seaweed into materials that are eight times stronger than steel. As CFO of this groundbreaking cleantech startup, Jaeger is helping revolutionize multiple industries—from fashion to aerospace—by replacing toxic, petroleum-based materials with sustainable, high-performance alternatives derived from nature.
In December 2025, Jaeger and his co-founders Mason Mincey, Derek Saltzman, and Patrick Michel were recognized on the El-Balad 30 Under 30 in Manufacturing list for their innovative nanocellulose material now being utilized in mining, automotive, and aerospace industries. What began as a college project making drone parts has evolved into a mission to decarbonize the fashion and materials industry, one seaweed at a time.
In this comprehensive biography, you’ll discover how Matthew Jaeger went from an actuarial science student at the University of Central Florida to a rising star in sustainable materials innovation, the challenges Soarce has overcome, and what the future holds for this young entrepreneur reshaping industrial manufacturing.
2. Early Life & Background
Matthew Jaeger was born around 1998 in the United States and grew up with a natural aptitude for numbers and analytical thinking. From an early age, he demonstrated strong quantitative skills that would later shape his career path in finance and entrepreneurship.
While details about his childhood remain largely private, Jaeger’s journey into entrepreneurship began during his college years at the University of Central Florida in Orlando. Unlike many tech entrepreneurs who start coding in their teens, Jaeger’s path was rooted in actuarial science—the discipline of assessing financial risks using mathematics, statistics, and financial theory.
Growing up in Florida, Jaeger was exposed to the state’s unique environmental challenges and opportunities, including the abundant seaweed that would later become central to his entrepreneurial venture. His analytical mindset and risk management skills would prove invaluable in navigating the uncertain waters of startup life.
The entrepreneurial bug bit Jaeger during his freshman year at UCF when he connected with like-minded students through the university’s Blackstone LaunchPad program. This program became instrumental in shaping his entrepreneurial journey, with Jaeger later acknowledging, “I don’t think we’d be where we are today without that program”.
3. Family Details
| Relation | Name | Profession |
|---|---|---|
| Father | Not Publicly Disclosed | Not Publicly Disclosed |
| Mother | Not Publicly Disclosed | Not Publicly Disclosed |
| Siblings | Not Publicly Disclosed | Not Publicly Disclosed |
| Spouse | Not Publicly Disclosed | Not Publicly Disclosed |
| Children | Not Publicly Disclosed | Not Publicly Disclosed |
Matthew Jaeger has maintained privacy regarding his family life, choosing to keep his personal relationships out of the public spotlight. This allows him to focus public attention on Soarce’s mission and environmental impact.
4. Education Background
University: University of Central Florida (UCF)
Degree: Actuarial Science
Years: 2016 – 2021
Matthew Jaeger pursued his Bachelor’s degree in Actuarial Science at UCF from 2016 to 2021. This rigorous program equipped him with advanced mathematical, statistical, and financial analysis skills—capabilities that would prove essential in his role as CFO of Soarce.
During his time at UCF, Jaeger wasn’t content with just classroom learning. He actively engaged with the university’s entrepreneurial ecosystem, particularly through the Blackstone LaunchPad program. This accelerator provided mentorship, resources, and networking opportunities that helped transform student ideas into viable businesses.
While his co-founders Derek Saltzman and Mason Mincey started as aerospace engineering students, Jaeger brought complementary finance and business skills to the founding team. This diversity of expertise would become one of Soarce’s greatest strengths.
Balancing Education with Entrepreneurship:
Jaeger’s college years were a masterclass in multitasking. While completing his actuarial science coursework, he was simultaneously:
- Co-founding and operating SOAR Aerospace (2017)
- Working as an Actuarial Associate at Hannover Re
- Developing financial models and risk assessments for the emerging startup
- Navigating the complexities of fundraising and investor relations
This experience of juggling academic responsibilities with real-world business challenges prepared him for the demanding role of startup CFO, where rapid decision-making and resource management are critical.
5. Entrepreneurial Career Journey
A. Early Career & First Startup (2017-2019)
SOAR Aerospace – Learning to Fly
In 2017, during their freshman year at UCF, Derek Saltzman and Mason Mincey launched SOAR Aerospace, a company manufacturing drone parts from carbon fiber. Matthew Jaeger and Patrick Michel joined as co-founders, bringing sales and finance expertise to the team.
The concept was straightforward: create custom carbon fiber frames for the recreational drone racing community. At the time, most drone frames were identical black carbon fiber designs, leaving hobbyists with limited options for personal expression. SOAR Aerospace aimed to inject personality and customization into this growing market.
Initial Challenges:
- Limited manufacturing experience
- Capital constraints typical of student-run businesses
- Competition from established drone part manufacturers
- Scaling production while managing coursework
Despite these obstacles, SOAR Aerospace provided invaluable lessons in manufacturing, customer acquisition, and team dynamics. Jaeger’s role focused on financial management, pricing strategy, and business development—skills that would become foundational for his future ventures.
The Pivot Point:
After running SOAR for a couple of years, the team hit a wall: “We were like we don’t really want to be manufacturing these materials anymore because we didn’t feel we’re making a big impact”. This existential crisis became a turning point. The founders wanted their work to matter—to create something that could genuinely help address global environmental challenges.
B. Breakthrough Phase (2019-2023)
The Birth of Soarce
While exploring their next venture, Saltzman and Mincey were inspired by a YouTube video from Meri Lundahl, a Finnish chemical engineer demonstrating how to make threads from plant materials. They reached out to her, and she became a key advisor.
During this transition period, the team dove deep into materials science research and discovered a shocking statistic: the fashion industry was the second-largest contributor to global pollution, accounting for 10% of annual greenhouse gas emissions. This revelation crystallized their new mission.
Soarce is Born:
Soarce emerged with a clear purpose: “revolutionize the world of material science, where natural materials can be leveraged to outperform synthetics” and “solve some of society’s biggest climate challenges through renewable and high-performance material innovation”.
Matthew Jaeger’s role as Co-Founder & CFO involved risk management and business finance, bringing pricing and valuation experience while quantifying risk and managing financial strategy for Soarce.
Product Development:
The team developed two flagship products:
- SEABIND – An additive that enhances dye absorption, thickens mixtures, and strengthens materials
- SEARAMIC – A seaweed-nanocellulose ceramic composite offering UV protection, natural white color, fire resistance, and smooth fabric finish
Soarce extracts nanocellulose fibers from sargassum using a custom solvent made from fruits and vegetables, then processes them down to just 100-500nm long and 50nm wide—over a thousand times thinner than a human hair.
Traction and Validation:
- 2023: Presented at the Biofabricate conference in Paris
- Featured at sustainable fashion exhibitions in Miami
- Showcased products at the Texas library through MaterialDriven
- Demonstrated applications in plant-based leather alternatives, glitter-free sequins, and non-yellowing leather coatings
C. Expansion & Global Impact (2024-Present)
Major Funding Milestone:
In early 2024, Soarce closed a $1.45 million pre-seed financing round from investors including Boost VC, one of Silicon Valley’s top deep-tech investment firms focused on early-stage startups, and Founders Factory, a London-based venture studio and fund.
This funding validated the team’s vision and provided capital to scale operations. During Boost VC’s accelerator program, the team learned a crucial lesson that would guide their strategy: “Be the cockroach. The best founders understand that you need to stay alive as long as possible to crack the formula needed to change the world”.
Scaling Operations:
By 2024, Soarce had grown to 11 employees and occupied two manufacturing labs in Lake Nona, an area known for its concentration of engineers and tech startups. The team includes a strategic advisor with experience scaling a company to a $3-billion exit value.
Key Partnerships and Programs:
- Founders Factory Blue Action Accelerator (2024): A six-month program focused on climate-technology innovation, helping Soarce with fundraising, business development, supply chain management, and introductions to luxury fashion brands
- National Science Foundation Award: Received $50,000 to advance R&D capabilities
- Ray of Hope Accelerator: Selected for this prestigious program supporting nature-inspired startups addressing environmental challenges
- UCF Business Innovation Program: Continued partnership providing infrastructure and resources
Research Collaboration:
Founders Derek Saltzman and Mason Mincey partnered with Oak Ridge National Laboratory and the University of Tennessee to test their seaweed-based additive using industrial-scale equipment, reinforcing carbon fibers with thin coatings of nanocellulose.
Market Validation:
By late 2025, Soarce’s nanocellulose material was being utilized in industries including mining, automotive, and aerospace—a remarkable achievement for a company that started making drone parts just eight years earlier.
Recognition and Awards:
In December 2025, Matthew Jaeger and his co-founders were named to the El-Balad 30 Under 30 in Manufacturing list, recognizing their groundbreaking work in sustainable materials innovation.
Future Plans:
The founders plan to raise seed funding within the next year to build a pilot manufacturing facility capable of producing around 100 kilograms per month. This scaling phase represents a critical juncture as Soarce transitions from R&D to commercial production.
6. Career Timeline Chart
📅 CAREER TIMELINE
2016 ─── Enrolled at University of Central Florida
│ (Actuarial Science program)
│
2017 ─── Co-founded SOAR Aerospace
│ (Manufacturing drone parts from carbon fiber)
│
2019 ─── Strategic pivot from SOAR to Soarce
│ (Shifted focus to sustainable materials)
│
2021 ─── Graduated from UCF
│ Actuarial Associate at Hannover Re
│
2023 ─── Presented at Biofabricate Conference (Paris)
│ Featured at sustainable fashion exhibitions
│
2024 ─── Raised $1.45M pre-seed funding
│ (Boost VC, Founders Factory)
│ NSF Award: $50,000 for R&D
│ Expanded to 11 employees, 2 labs
│
2025 ─── Named to El-Balad 30 Under 30 (Manufacturing)
│ Material used in mining, automotive, aerospace
│
2026 ─── Preparing seed round for pilot facility
│ (Current role: Co-Founder & CFO at Soarce)7. Business & Company Statistics
| Metric | Value |
|---|---|
| Companies Founded | 2 (SOAR Aerospace, Soarce) |
| Current Valuation | Estimated $10-15 Million (Pre-seed, 2024) |
| Revenue (Annual) | Not Publicly Disclosed (Pre-revenue/Early revenue) |
| Employees | 11+ (as of 2024) |
| Countries Operated | 1 (United States) |
| Market Share | Emerging player in seaweed-based biomaterials |
| Funding Raised | $1.5+ Million |
| Labs/Facilities | 2 manufacturing labs (Lake Nona, Orlando) |
| Products | SEABIND, SEARAMIC |
| Target Industries | Fashion, automotive, aerospace, mining, construction |
8. Entrepreneur Comparison Section
📊 Matthew Jaeger vs Similar CleanTech Entrepreneurs
| Statistic | Matthew Jaeger (Soarce) | Eben Bayer (Ecovative) |
|---|---|---|
| Age | ~26-28 | 40+ |
| Net Worth | $2-5M (est.) | $50M+ (est.) |
| Companies Founded | 2 | 2+ |
| Funding Raised | $1.5M+ | $100M+ |
| Years in Business | 9 years | 15+ years |
| Technology Focus | Seaweed nanocellulose | Mycelium-based materials |
| Target Markets | Fashion, automotive, aerospace | Packaging, construction, meat alternatives |
| Stage | Pre-seed/Seed | Series C+ |
Analysis:
While Matthew Jaeger is earlier in his entrepreneurial journey compared to established figures like Eben Bayer of Ecovative, his trajectory shows remarkable promise. At just 26, Jaeger has already successfully pivoted from one business to another, secured significant venture funding, and developed technology being adopted by major industries.
Bayer’s Ecovative, founded in 2007, has raised over $100 million and reached commercial scale with mycelium-based materials. Jaeger’s Soarce, founded in 2019, is following a similar path but with the advantage of learning from earlier biomaterial pioneers. If Soarce continues its current growth trajectory, Jaeger could match or exceed Bayer’s impact within the next decade.
The key differentiator is Soarce’s focus on seaweed—an abundant, fast-growing, and often problematic biomass source—combined with nanocellulose technology that delivers performance rivaling synthetic materials. This positions Jaeger uniquely in the biomaterials space.
9. Leadership & Work Style Analysis
Leadership Philosophy
Matthew Jaeger’s leadership style reflects his actuarial background: data-driven, risk-aware, and focused on long-term sustainability over short-term gains. As CFO, he brings financial discipline to an R&D-intensive startup where it’s easy to burn through capital without clear milestones.
Key Leadership Traits:
- Analytical Decision-Making: Jaeger’s actuarial training means he approaches problems through the lens of probability, risk, and expected value. This helps Soarce make strategic decisions about which markets to enter and which partnerships to pursue.
- Mission-Driven: The pivot from SOAR to Soarce was driven by a desire to “make a big impact” rather than just run a profitable business. This values-first approach shapes the company’s culture and attracts talent aligned with environmental goals.
- Collaborative Leadership: As one of four co-founders, Jaeger operates in a team-based structure where each founder brings complementary skills. His financial expertise balances the technical innovation led by Saltzman and Mincey.
- Resilience and Adaptability: Embracing the mantra “Be the cockroach” from Boost VC, Jaeger understands that startup success requires persistence, flexibility, and the ability to survive lean times while working toward breakthrough moments.
Decision-Making Style
Jaeger’s decisions are characterized by:
- Quantitative rigor: Evaluating opportunities through financial modeling and risk assessment
- Strategic patience: Willing to invest in long R&D cycles for high-impact innovations
- Stakeholder balance: Managing investor expectations while maintaining mission integrity
Risk-Taking Ability
As an actuary turned entrepreneur, Jaeger has a nuanced relationship with risk. He doesn’t avoid it—he quantifies it, manages it, and takes calculated bets where the potential upside justifies the downside. This is evident in:
- Leaving a stable career path in actuarial science for startup uncertainty
- Pivoting from a working business (SOAR) to start from scratch with Soarce
- Raising venture capital and accepting the accountability that comes with investor funding
Innovation Mindset
Jaeger’s approach to innovation is practical rather than theoretical. Soarce focuses on creating materials that not only benefit the environment but also outperform existing solutions. This “better AND greener” philosophy increases market viability.
Strengths & Weaknesses
Strengths:
- Strong financial acumen and risk management
- Commitment to environmental impact
- Ability to learn from failure and pivot strategically
- Building diverse, complementary founding teams
Potential Weaknesses:
- Relatively young with limited executive experience (though growing rapidly)
- Operating in capital-intensive, long-cycle industry requiring sustained funding
- Balancing rapid growth with technical validation
10. Achievements & Awards
Business & Tech Awards
El-Balad 30 Under 30 in Manufacturing (2025) Matthew Jaeger and his Soarce co-founders were recognized for developing a groundbreaking nanocellulose material made from organic waste and seaweed that is eight times stronger than steel.
National Science Foundation Award (2024) Soarce received $50,000 to advance research and development in seaweed-based nanomaterials.
Ray of Hope Accelerator Selection Chosen as one of ten high-impact nature-inspired startups supported by The Biomimicry Institute, receiving mentorship and resources to scale sustainable innovation.
Industry Recognition
Boost VC Portfolio Company (2024) Selected for one of Silicon Valley’s most prestigious deep-tech accelerators, validating Soarce’s technology and market potential.
Founders Factory Blue Action Accelerator (2024) Chosen for this competitive six-month program focused on scaling climate-technology innovations.
Biofabricate Conference Presenter (2023) Presented to top fashion designers and materials innovators in Paris, showcasing Soarce’s sustainable textile solutions.
Research Milestones
Oak Ridge National Laboratory Partnership Collaborated with one of America’s premier national laboratories to test seaweed-based nanocellulose using industrial-scale equipment.
Media Features
- Featured in Florida Trend magazine’s “Green Alchemy” article
- Covered by Undecided with Matt Ferrell (popular science YouTube channel)
- Profiled on AskNature’s Innovation platform
- Listed in GreyB’s startup database
11. Net Worth & Earnings
💰 FINANCIAL OVERVIEW
| Year | Estimated Net Worth |
|---|---|
| 2023 | $500K – $1M |
| 2024 | $1M – $3M |
| 2025 | $2M – $5M |
| 2026 | $2M – $5M (Projected) |
Note: These are conservative estimates based on typical founder equity stakes in pre-seed/seed stage startups. Actual net worth may vary significantly based on ownership percentage and company valuation.
Income Sources
1. Soarce Equity Ownership As Co-Founder and CFO, Jaeger likely holds 15-25% equity in Soarce. With the company valued at an estimated $10-15 million post-pre-seed funding, his stake could be worth $1.5-3.75 million on paper.
2. Salary Early-stage startup founders typically pay themselves modest salaries ($50,000-$80,000) to preserve runway, though exact figures are not publicly disclosed.
3. Actuarial Work Jaeger maintains ties to the actuarial profession through his role as an Actuarial Associate at Hannover Re, providing financial stability while building Soarce.
4. Board Memberships & Advisory Roles As Soarce grows, Jaeger may take on advisory or board positions with other startups, providing additional income streams.
Major Investments & Holdings
Primary Investment: Soarce Jaeger’s primary asset is his equity stake in Soarce. The company’s trajectory will largely determine his financial future:
- If Soarce achieves a successful exit (acquisition or IPO) at a $100M+ valuation, Jaeger’s stake could be worth $15-25M+
- Series A funding could value the company at $30-50M, significantly increasing his paper net worth
- Continued R&D and market traction will be key value drivers
Investment Strategy: Given his actuarial background, Jaeger likely takes a risk-adjusted approach to personal investments, though specific portfolio details are not public.
12. Lifestyle Section
🏠 ASSETS & LIFESTYLE
Living Situation
Based in Orlando, Florida, Matthew Jaeger maintains a relatively modest lifestyle typical of young entrepreneurs reinvesting heavily in their startups. Specific details about his residence are not publicly available, but as a 26-year-old startup founder, he likely prioritizes proximity to Soarce’s Lake Nona labs over luxury accommodations.
Properties
Known Real Estate:
- Primary residence: Orlando, Florida area
- Details: Not publicly disclosed
As a young entrepreneur with the majority of his wealth tied up in Soarce equity, Jaeger has not made significant public real estate investments.
Cars Collection
No information about personal vehicle collection is publicly available. Given his age and stage of company building, Jaeger likely prioritizes practical transportation over luxury vehicles.
Hobbies & Interests
While Jaeger keeps his personal life private, we can infer interests based on his professional focus:
Sustainability & Environmental Science Evident from his career pivot toward climate-focused innovation.
Materials Science & Chemistry The team “went deep into academia and research” during their transition from SOAR to Soarce, suggesting genuine intellectual curiosity beyond business interests.
Technology & Innovation From drone racing to nanocellulose, Jaeger gravitates toward cutting-edge technologies with practical applications.
Entrepreneurship Community Active participant in startup ecosystems through accelerators like Boost VC and Founders Factory.
Daily Routine
While Jaeger hasn’t publicly shared his daily routine, typical responsibilities for a startup CFO include:
Morning:
- Financial modeling and forecasting
- Investor communication
- Team meetings with co-founders
Midday:
- Strategic planning sessions
- Partnership discussions
- Lab visits to Lake Nona facilities
Evening:
- Continuing education in materials science and cleantech trends
- Networking within Orlando’s startup community
- Fundraising preparation and investor outreach
Productivity Habits
Based on his achievements, Jaeger likely:
- Maintains strong discipline (evidenced by completing actuarial science while building a startup)
- Practices continuous learning (pivoted into materials science without formal training in the field)
- Collaborates effectively (successful co-founder relationship spanning multiple ventures)
- Thinks long-term (willing to invest years in R&D for transformative innovation)
13. Physical Appearance
| Attribute | Details |
|---|---|
| Height | Not Publicly Disclosed |
| Weight | Not Publicly Disclosed |
| Eye Color | Not Publicly Disclosed |
| Hair Color | Not Publicly Disclosed |
| Body Type | Not Publicly Disclosed |
Matthew Jaeger maintains a private personal profile, focusing public attention on Soarce’s mission and technology rather than personal details.
14. Mentors & Influences
Key Advisors & Mentors
Meri Lundahl Finnish chemical engineer and researcher who became a key advisor after Saltzman and Mincey reached out to her following a YouTube video demonstration of making threads from plant materials. Lundahl’s expertise in nanomaterials from natural sources directly shaped Soarce’s technical direction.
UCF Blackstone LaunchPad Program The founders credit this program as fundamental to their success: “I don’t think we’d be where we are today without that program”. The mentorship, resources, and network provided by LaunchPad gave the founding team critical early-stage support.
Strategic Advisor with $3B Exit Experience Soarce’s team includes a strategic advisor who has experience scaling a company to a $3-billion exit value, providing guidance on growth strategy and operational scaling.
Boost VC Team Silicon Valley accelerator that taught the founders to “be the cockroach”—emphasizing survival and persistence as key startup virtues.
Founders Factory Mentors Through the Blue Action Accelerator, Jaeger gained access to mentors specializing in fundraising, business development, and supply chain management for climate-tech companies.
Business Influences
Ray C. Anderson Founder of Interface, Inc. and sustainability pioneer. Soarce’s participation in the Ray of Hope Accelerator (named in Anderson’s honor) connects them to his legacy of business leadership combined with environmental responsibility.
Deep Tech Founders As part of Boost VC’s portfolio, Jaeger is surrounded by founders tackling hard science and engineering problems, from space technology to synthetic biology.
Leadership Lessons Learned
- Mission Matters: The pivot from SOAR to Soarce taught that personal fulfillment comes from working on meaningful problems.
- Persistence Pays: Fundraising and R&D require extended timelines; staying alive long enough to find product-market fit is crucial.
- Complementary Teams Win: Combining actuarial/finance skills (Jaeger, Michel) with engineering expertise (Saltzman, Mincey) creates competitive advantage.
- Academia-Industry Collaboration: Partnerships with institutions like Oak Ridge National Laboratory accelerate innovation while building credibility.
15. Company Ownership & Roles
| Company | Role | Years | Status |
|---|---|---|---|
| Soarce | Co-Founder & CFO | 2019 – Present | Active |
| SOAR Aerospace | Co-Founder | 2017 – 2019 | Inactive/Pivoted |
| Hannover Re | Actuarial Associate | 2021 – Present | Part-time/Advisory |
Soarce Investment & Partnership Opportunities:
Interested in partnering with or investing in Soarce? Here’s how:
For Investors:
- Current Stage: Pre-seed/Seed stage
- Previous Investors: Boost VC, Founders Factory, LEAD SPORTS & HEALTH TECH, Tavistock Group
- Contact: Visit soarceusa.com for partnership inquiries
- LinkedIn: linkedin.com/company/soarceusa
For Business Partnerships:
- Industries: Fashion/textiles, automotive, aerospace, mining, construction
- Products: SEABIND (nanocellulose additive), SEARAMIC (ceramic-nanocellulose composite)
- Location: Lake Nona Guidewell Innovation Center, Orlando, FL
Company Address: Guidewell Innovation Center
6555 Sanger Rd. #222
Orlando, FL 32827
USA
Soarce Ownership Structure
While exact ownership percentages are not public, typical co-founder equity splits in a four-person founding team might look like:
- Derek Saltzman (CEO): 25-30%
- Mason Mincey (CTO): 25-30%
- Matthew Jaeger (CFO): 20-25%
- Patrick Michel (Chief of Sales): 15-20%
After the $1.45M pre-seed round, founders likely experienced ~15-25% dilution, with investors holding corresponding equity.
CFO Responsibilities at Soarce
As Co-Founder and CFO, Jaeger’s role encompasses:
Financial Strategy:
- Developing financial models and projections
- Managing cash flow and runway
- Setting pricing strategies for SEABIND and SEARAMIC
Risk Management:
- Quantifying technical and market risks
- Insurance and liability management
- Scenario planning for different growth trajectories
Fundraising:
- Leading investor relations
- Preparing pitch materials and financial documentation
- Negotiating term sheets and managing cap table
Operational Finance:
- Managing payroll for 11+ employees
- Lab and facility expense management
- R&D budget allocation
Strategic Planning:
- Evaluating market entry strategies
- Partnership financial modeling
- Exit strategy planning
16. Controversies & Challenges
Business Challenges
1. Long R&D Cycles
Developing novel biomaterials requires extensive testing, validation, and iteration. Unlike software startups that can iterate weekly, materials science ventures face 18-24 month development cycles. Managing investor expectations during these extended timelines tests leadership skills.
2. Capital Intensity
Soarce plans to raise seed funding to build a pilot facility capable of producing around 100 kilograms per month. Scaling physical manufacturing requires significantly more capital than digital products, creating ongoing fundraising pressure.
3. Competitive Landscape
The biomaterials space is increasingly crowded, with well-funded competitors like:
- Notpla (raised $26.8M)
- Uluu (raised $10.5M)
- Loliware (undisclosed funding)
- Sway (backed by major distribution partnerships)
Standing out requires clear differentiation in performance, cost, or application.
4. Market Education
Convincing fashion brands, automotive manufacturers, and aerospace companies to switch from proven petroleum-based materials to novel seaweed derivatives requires extensive education, testing, and relationship building.
5. Supply Chain Development
Soarce needs reliable, scalable sources of seaweed biomass. While sargassum is abundant, creating collection and processing infrastructure is complex and costly.
How Challenges Were Addressed
Strategic Pivot: Rather than forcing SOAR Aerospace to succeed, the founders had the courage to admit it wasn’t creating the impact they desired and pivoted to a more meaningful mission.
Partnership Strategy: Collaborating with Oak Ridge National Laboratory and the University of Tennessee provided access to industrial-scale testing equipment without massive capital expenditure.
Accelerator Leverage: Participating in Boost VC and Founders Factory provided crucial mentorship, network access, and credibility that would be difficult to achieve independently.
Staged Development: Rather than trying to enter all markets simultaneously, Soarce focused initially on fashion/textiles where sustainability demands are highest, planning expansion to automotive and aerospace as validation grows.
No Public Controversies
As of 2026, Matthew Jaeger has maintained a positive public profile with no significant controversies. His focus remains on building Soarce’s technology and mission rather than courting media attention or engaging in controversial business practices.
Lessons Learned from Challenges
- Pivot with Purpose: Don’t stay attached to a business model that doesn’t align with your values
- Manage Capital Carefully: In capital-intensive industries, every dollar must be deployed strategically
- Build Strategic Partnerships: Collaborations can provide resources that would be prohibitively expensive to develop internally
- Stay Mission-Focused: When facing setbacks, return to the core mission of environmental impact
17. Charity & Philanthropy
While Matthew Jaeger’s primary philanthropic contribution is through Soarce’s environmental mission itself, specific charitable activities include:
Environmental Impact Focus
Core Mission: Soarce’s entire business model is philanthropic in nature—addressing the fashion industry’s contribution to 10% of annual greenhouse gas emissions and finding productive uses for sargassum seaweed that otherwise pollutes coastlines.
Climate Technology Development: By making sustainable materials that outperform synthetics, Soarce creates a business case for environmental responsibility rather than relying on corporate altruism.
Education & Community
Mentorship: As beneficiaries of UCF’s Blackstone LaunchPad program, the founders likely give back by mentoring current UCF students navigating entrepreneurship.
Industry Education: Through presentations at conferences like Biofabricate and participation in accelerators, Jaeger helps educate the broader materials industry about sustainable alternatives.
Future Philanthropic Potential
As Soarce scales and potentially exits, Jaeger will likely have increased capacity for:
- Environmental conservation initiatives
- STEM education programs
- Sustainable business accelerators
- Ocean health and seaweed ecosystem research
Given his mission-driven approach, future wealth is likely to be partially deployed toward climate solutions and entrepreneurship support.
18. Personal Interests
| Category | Favorites |
|---|---|
| Food | Not Publicly Disclosed |
| Movie | Not Publicly Disclosed |
| Book | Likely focused on entrepreneurship, materials science, sustainability |
| Travel Destination | Paris (Biofabricate Conference), London (Founders Factory) |
| Technology | Nanocellulose, biomaterials, sustainable manufacturing |
| Sport | Not Publicly Disclosed |
| Hobbies | Materials innovation, environmental research, startup ecosystem engagement |
Inferred Interests Based on Career Path
Scientific Curiosity: The team “went deep into academia and research” during the Soarce founding period, suggesting Jaeger enjoys intellectual exploration beyond immediate business applications.
Innovation Communities: Active participation in accelerators, conferences, and startup ecosystems indicates he values collaborative innovation environments.
Environmental Advocacy: The passionate pivot from profitable drone manufacturing to climate-focused materials indicates genuine environmental values, not just business opportunism.
19. Social Media Presence
| Platform | Handle | Followers | Activity Level |
|---|---|---|---|
| matthew-jaeger-08096419b | 285+ connections | Active – Professional updates | |
| Twitter/X | Not Publicly Available | N/A | Not active or private |
| Not Publicly Available | N/A | Private or inactive | |
| YouTube | N/A | N/A | Not active |
| TikTok | N/A | N/A | Not active |
| Company Website | soarceusa.com | N/A | Active |
| Company LinkedIn | soarceusa | 502+ followers | Very Active |
Social Media Strategy
Matthew Jaeger maintains a relatively low personal social media profile, focusing attention on Soarce’s company channels rather than personal branding. This approach:
- Keeps focus on the mission and technology
- Avoids personal controversies
- Positions Soarce as a team effort rather than single-founder story
- Maintains privacy while building professional credibility
Company Social Media
Soarce maintains active presence through:
- Company website updates
- Conference presentations
- Accelerator program features
- Media interviews and articles
20. Recent News & Updates (2025–2026)
December 2025
El-Balad 30 Under 30 Recognition Matthew Jaeger and his co-founders (Derek Saltzman, Mason Mincey, and Patrick Michel) were named to the El-Balad 30 Under 30 in Manufacturing list for their groundbreaking nanocellulose material that is eight times stronger than steel and now utilized in mining, automotive, and aerospace industries.
Late 2025
Industry Expansion Soarce’s seaweed-based nanocellulose material successfully transitioned from fashion applications to industrial uses including:
- Mining equipment reinforcement
- Automotive component manufacturing
- Aerospace materials testing
This diversification validates the material’s performance across demanding applications and significantly expands addressable market size.
Mid-2025
Fundraising Preparation The founding team announced plans to raise seed funding within the next year to build a pilot manufacturing facility capable of producing around 100 kilograms per month—a critical scaling milestone.
Q4 2024 – Q1 2025
Founders Factory Blue Action Accelerator Completed the six-month program focused on climate-technology innovation, gaining:
- Fundraising strategy refinement
- Business development mentorship
- Supply chain optimization guidance
- Introductions to luxury fashion brand decision-makers
2024 Highlights
$1.45M Pre-Seed Funding Closed significant financing from Boost VC and Founders Factory, providing runway for R&D continuation and team expansion.
National Science Foundation Award Received $50,000 grant to advance seaweed-based nanomaterial research capabilities.
Team Growth Expanded from four co-founders to 11+ employees across two manufacturing labs in Lake Nona.
Future Plans (2026 and Beyond)
Immediate Priorities:
- Seed Funding Round: Targeting $3-5M to finance pilot facility construction
- Pilot Facility Development: Scaling production from lab quantities to 100kg/month commercial volumes
- Customer Pipeline Development: Converting pilot partnerships into commercial contracts
- Supply Chain Establishment: Building reliable sargassum sourcing and processing infrastructure
Long-Term Vision:
- Establishing Soarce as the leading seaweed-based nanocellulose supplier
- Licensing technology to manufacturers globally
- Potential acquisition by major materials or fashion conglomerate
- Expanding product line beyond SEABIND and SEARAMIC
21. Lesser-Known Facts
1. From Drones to Dress Fabrics
Matthew Jaeger’s entrepreneurial journey began with manufacturing carbon fiber drone racing parts before pivoting to sustainable fashion materials—two industries that couldn’t seem more different.
2. Actuarial Background
Unlike most tech startup CFOs who come from finance or banking, Jaeger’s actuarial science degree gives him unique expertise in risk quantification and probabilistic thinking—valuable skills when navigating uncertain R&D outcomes.
3. College Startup Success
Jaeger co-founded his first company during his freshman year at UCF, demonstrating early entrepreneurial drive while most peers were still adjusting to college life.
4. Material Stronger Than Steel
The nanocellulose material Soarce produces from seaweed waste is reportedly eight times stronger than steel by weight—a remarkable achievement from what many consider an ocean nuisance.
5. Nanoscale Innovation
Soarce’s nanocellulose fibers are over a thousand times thinner than a human hair (50nm wide vs. 50,000nm for hair), representing cutting-edge materials science from a startup headquartered in Orlando.
6. Sargassum Solution
The company specifically targets sargassum seaweed, which has become an increasing environmental problem in the Caribbean and Gulf of Mexico. Soarce transforms this pollution into valuable materials.
7. Fruit-Based Processing
Soarce’s proprietary solvent for extracting nanocellulose is made from fruits and vegetables, avoiding the toxic chemicals typically used in materials processing.
8. Multi-Company Journey
Unlike many entrepreneurs who focus on one venture, Jaeger has already successfully navigated founding, operating, and pivoting from one company (SOAR) to another (Soarce).
9. National Lab Collaboration
Despite being a young startup, Soarce secured research partnerships with Oak Ridge National Laboratory, one of America’s premier scientific research facilities.
10. Mission Over Money
The founders explicitly pivoted away from SOAR Aerospace because they “didn’t feel we’re making a big impact,” choosing mission over profit in their early twenties.
11. Four-Person Founding Team
Unlike typical two-founder startups, Soarce was built by four co-founders with complementary skills (engineering, finance, sales), reducing single-point-of-failure risk.
12. Lake Nona Labs
Soarce operates in Lake Nona, Orlando’s innovation district known for its concentration of engineers and tech companies, providing access to talent and ecosystem support.
13. International Accelerator Experience
Jaeger has participated in accelerator programs across multiple continents—from Silicon Valley (Boost VC) to London (Founders Factory) to Paris (Biofabricate).
14. Glitter Alternative
One of Soarce’s applications is creating biodegradable, glitter-free sequins for fashion—addressing microplastic pollution from decorative materials.
15. Young Industry Leader
At approximately 26-28 years old, Jaeger is among the youngest entrepreneurs recognized on major industry lists like El-Balad 30 Under 30 in Manufacturing.
22. FAQ Section (Featured Snippet Optimized)
Q1: Who is Matthew Jaeger?
A: Matthew Jaeger is a 26-year-old American tech entrepreneur and CFO who co-founded Soarce, a cleantech company that transforms seaweed waste into sustainable nanocellulose materials eight times stronger than steel. He previously co-founded SOAR Aerospace and studied actuarial science at the University of Central Florida.
Q2: What is Matthew Jaeger’s net worth in 2026?
A: Matthew Jaeger’s estimated net worth in 2026 is approximately $2-5 million, primarily from his equity stake as Co-Founder and CFO of Soarce, which raised $1.45 million in pre-seed funding from Boost VC and Founders Factory in 2024.
Q3: How did Matthew Jaeger start his first company?
A: In 2017, during his freshman year at the University of Central Florida, Jaeger co-founded SOAR Aerospace with Derek Saltzman, Mason Mincey, and Patrick Michel. The company manufactured custom carbon fiber drone parts for the recreational drone racing community before pivoting to sustainable materials in 2019.
Q4: Is Matthew Jaeger married?
A: Matthew Jaeger’s relationship status is not publicly disclosed. He maintains privacy regarding his personal life, focusing public attention on Soarce’s mission and environmental impact.
Q5: What companies does Matthew Jaeger own?
A: Matthew Jaeger is Co-Founder and CFO of Soarce (2019-present), a sustainable materials company. He previously co-founded SOAR Aerospace (2017-2019), which manufactured drone parts. He also works as an Actuarial Associate at Hannover Re.
Q6: What is Soarce and what does it do?
A: Soarce is a cleantech company that transforms organic waste and seaweed (particularly sargassum) into high-performance nanocellulose materials. Their products, SEABIND and SEARAMIC, are used in fashion, automotive, aerospace, and mining industries as sustainable alternatives to petroleum-based materials.
Q7: How much funding has Soarce raised?
A: Soarce has raised over $1.5 million, including a $1.45 million pre-seed round from Boost VC and Founders Factory in 2024, plus a $50,000 National Science Foundation award for R&D advancement.
Q8: What education does Matthew Jaeger have?
A: Matthew Jaeger earned a Bachelor’s degree in Actuarial Science from the University of Central Florida (UCF), graduating in 2021. He studied from 2016-2021 while simultaneously building his first startup.
Q9: What awards has Matthew Jaeger won?
A: In December 2025, Matthew Jaeger and his Soarce co-founders were named to the El-Balad 30 Under 30 in Manufacturing list for developing groundbreaking seaweed-based nanocellulose materials now used in multiple industries.
Q10: Where is Matthew Jaeger based?
A: Matthew Jaeger is based in Orlando, Florida, where Soarce operates two manufacturing labs in the Lake Nona innovation district.
23. Conclusion
At just 26 years old, Matthew Jaeger represents a new generation of entrepreneurs who refuse to separate profit from purpose. From his early days manufacturing drone parts as a college freshman to co-founding Soarce and developing materials eight times stronger than steel from seaweed waste, Jaeger’s journey exemplifies how youthful ambition combined with technical expertise can tackle some of humanity’s most pressing environmental challenges.
Jaeger’s unique background in actuarial science gives him a distinctive edge in the startup world—he brings financial rigor and risk management to an industry often dominated by engineers and scientists. This quantitative mindset, combined with a genuine commitment to environmental impact, positions him as a leader who can build both sustainable companies and sustainable materials.
As CFO of Soarce, Jaeger has already accomplished remarkable milestones: raising over $1.5 million in funding, expanding to 11+ employees, securing partnerships with Oak Ridge National Laboratory, and seeing Soarce’s materials adopted in industries from fashion to aerospace. The company’s recognition on the El-Balad 30 Under 30 in Manufacturing list validates not just the technology but the team’s execution capability.
The road ahead is challenging. Scaling from lab production to a pilot facility producing 100 kilograms per month requires significant capital, operational expertise, and customer development. The biomaterials space is increasingly competitive, with well-funded startups racing to commercialize alternatives to petroleum-based products. Yet Jaeger and his co-founders have already demonstrated the resilience and adaptability needed to succeed—pivoting from a working business when they realized it wasn’t creating meaningful impact, persisting through extended R&D cycles, and building partnerships that accelerate rather than replace internal capabilities.
If Soarce successfully executes its vision, the implications extend far beyond one company’s success. The fashion industry alone contributes 10% of global greenhouse gas emissions. Replacing even a fraction of petroleum-based materials with seaweed-derived alternatives could prevent millions of tons of CO2 emissions annually. Add in automotive, aerospace, and construction applications, and Soarce’s potential impact scales dramatically.
Matthew Jaeger’s legacy is still being written. Whether he becomes the next Eben Bayer (Ecovative) or charts an entirely new path, his commitment to solving climate challenges through superior performance rather than asking for sacrifice positions him at the forefront of cleantech innovation.
For aspiring entrepreneurs, Jaeger’s story offers clear lessons: Start early. Build complementary teams. Pivot when necessary. Focus on missions that matter. Quantify risk but don’t avoid it. And perhaps most importantly, be the cockroach—stay alive long enough to crack the formula needed to change the world.
👉 Share this article if Matthew Jaeger’s journey inspires you, or explore more stories of entrepreneurs building the sustainable future we need.
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