Matoha Completes Seed Funding, Aims to Revolutionize Textile Recycling
Deal News | Apr 10, 2025 | Business Cloud
London-based startup Matoha has successfully completed the initial phase of its £1.5 million seed funding round with contributions from Archipelago Ventures and Circular Plastics Accelerator, among others. Specializing in AI-powered material identification scanners, Matoha aims to address the challenges of textiles sorting for recycling. Currently, they offer manual scanning devices that identify textile composition in under a second. Next phases involve automation and scaling their technology with AI-driven robotics, expected to progress by H2 2025. Matoha's CTO, Hans Chan, emphasized the significance of this investment for advancing textile waste processing. Archipelago Ventures highlighted the importance of Matoha's technology for a circular textiles economy.
Sectors
- Manufacturing
- Technology
- Recycling and Waste Management
- Investment
Geography
- United Kingdom – Matoha is a London-based company, and its manufacturing activities take place in the UK.
- Global – The broader impact of Matoha's technology aims to address global textile waste challenges.
Industry
- Manufacturing – Matoha's business involves the manufacturing of AI-powered material identification devices for textile sorting.
- Technology – The technology sector is relevant as Matoha uses AI-driven solutions for identifying and sorting textiles.
- Recycling and Waste Management – Matoha focuses on textile recycling and waste management through its innovative technology.
- Investment – The article discusses Matoha's seed funding round, which involves investments from several venture firms.
Financials
- 1.5 million GBP – The total amount raised in Matoha's seed funding round.
- 2.25 million GBP – The second phase amount to be raised, focused on scaling AI-driven robotic solutions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Matoha | Target Company | Company | A London-based startup focusing on AI-powered textile identification solutions for recycling. |
| Archipelago Ventures | Investor | Company | A venture capital firm involved in Matoha's seed funding round. |
| Circular Plastics Accelerator | Investor | Company | Investment group participating in the seed funding for Matoha. |
| Conduit Connect | Investor | Company | An investment firm contributing to Matoha's funding. |
| British Design Fund | Investor | Company | A fund investing in UK-based startups, part of Matoha's funding round. |
| Fashion for Good | Investor | Company | An investment partner focusing on sustainable fashion innovations, supporting Matoha. |
| Hans Chan | CTO and Co-founder | Person | Chief Technology Officer and Co-founder at Matoha, leading the technological advancements. |
| Justin Guest | Founding Partner | Person | Founding Partner at Archipelago Ventures, supporting Matoha's innovations through investment. |