UK-based clean-tech startup Xampla has successfully completed a funding round, securing $7m to advance its plastic elimination efforts.
The latest funding round was participated in by existing investors, including Amadeus Capital Partners, Cambridge Angels, Horizon Ventures, Martlet Capital, and Cambridge Enterprise.
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Clean-tech backer CIECH Ventures joined the round as a new investor.
The company will leverage proceeds from the funding to advance the production of its biodegradable, plant-based materials it aims to leverage to support major brands in transitioning away from single-use plastics.
The capital injection, which brings Xampla’s total investment to $17.6m, will be assigned to expand Morro’s (Xampla’s consumer brand) applications into new markets.
Morro materials, backed by 15 years of research at the University of Cambridge, England, UK, are fully biodegradable, home-compostable, and food-safe, offering high strength, grease, and oxygen barrier properties.
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By GlobalDataThe core resin developed by Xampla can be used to create a range of products, including sustainable packaging solutions, microcapsules, and coatings.
Xampla’s technology is already trusted by brands such as Britvic, ELEMIS, and Gousto.
The company plans to explore the future applications of its Morro Edible Film and Morro Soluble Film, as well as expand Morro Nutri.
Xampla CEO Alexandra French said: “This investment is a testament to the shared commitment of our backers, who can see that Xampla products are the gateway to a new era in materials sustainability.
“This new funding will support the expansion of our Morro material into new territories and new applications and enable us to make a big impact.”
