Notpla Secures £20 Million for Sustainable Packaging Expansion
Notpla, a groundbreaking company based in London, UK, has made significant strides in the realm of sustainable packaging. Recently, the company successfully raised £20 million in a Series A funding round, which was spearheaded by the UB Forest Industry Green Growth Fund. This funding effort also saw contributions from various notable investors, including Catalytic Capital for Climate & Health (C3H), Horizons Ventures, and Astanor. Additionally, organizations such as the Schmidt Family Foundation, Radicle Impact, EIT Food’s AgriFoodInvest, Broadwater Cap, Kibo Invest, Rosebrook, Trousdale Ventures, and Ocean Born Foundation joined in supporting this innovative venture aimed at pioneering eco-friendly solutions.
The influx of capital will be strategically utilized to accelerate Notpla's expansion into the North American market, enhance its manufacturing capabilities, and diversify its product offerings.
Founded by visionaries Rodrigo Garcia Gonzalez and Pierre Paslier, Notpla specializes in designing scalable materials sourced from renewable resources such as seaweed and plants. Their commitment to sustainability is evident in their range of plastic-free alternatives, which include seaweed-coated food containers, edible liquid bubbles, and flexible film replacements. Remarkably, due to Notpla's innovative efforts, they have already succeeded in preventing approximately 13 million pieces of single-use plastic from entering the environment.
Since its inception in 2014, Notpla has made a substantial impact by replacing over 16 million single-use plastic items across Europe. Their products, such as the renowned 'Ooho' edible liquid bubble and seaweed-lined takeaway food containers, are part of a broader movement towards sustainability. Expectations are high, with the company projected to dramatically scale up their production, aiming to exceed 100 million units annually within the next two years. Notpla’s pioneering materials are gaining traction among major corporations across Europe, including Compass Group, Decathlon, and Just Eat Takeaway.com, and are currently used in 10 European markets. Their eco-conscious packaging solutions are also making waves in large venues and stadiums, such as Aston Villa FC, The O2 Arena, Allianz Stadium, and Tottenham Hotspurs, helping to eliminate plastic use in some of the most prominent spaces in the continent.
They've invested in Notpla
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| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 UB Forest Industry Green Growth Fund | 1 investment investment | more info | |||
 Schmidt Family Foundation | 1 investment investment | more info | |||
 Radicle Impact | 1 investment investment | more info | |||
 EIT Food’s AgriFoodInvest | 1 investment investment | more info | |||
 Broadwater Cap | 1 investment investment | more info | |||
 Kibo Invest | 3 investments investments | more info |
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