In the UK, Notpla closed its Series A+ funding round securing over $25 million in equity fundraising to advance it into a new era of plastic-free materials and a healthier planet.
This substantial investment, which more than doubled the company’s initial target, comes at a crucial time. Its innovative approach to sustainable packaging has garnered significant support from a diverse group of investors who share our vision for a plastic-free future.
The round was led by UB Forest Industry Green Growth Fund, with participation from both new and existing investors. Among them is Catalytic Capital for Climate & Health (C3H), an impact-first vehicle by Temasek Trust.
Accelerating the development of its next-generation, seaweed-based packaging solutions, the funding will help it to advance the capabilities of its materials and ultimately enable the replacement of over 100 million single-use plastics per year within the next two years, building from the 16 million we’ve already replaced to-date.
