Naturbeads Secures £7.8m for Microplastic Solution

Deal News | Nov 18, 2024 | Business Cloud

Naturbeads Secures £7.8m for Microplastic Solution

Naturbeads, a UK-based startup focused on addressing microplastic pollution, has recently secured £7.8 million in a Series A funding round to further develop its innovative technology. Founded in 2018 as a spinout from the University of Bath, the company specializes in cellulose microsphere technology, which provides a sustainable alternative to microplastics in everyday products. This technology aims to mitigate the environmental impact of microplastics, which accumulate in ecosystems and pose significant health concerns. With new European Union regulations set to phase out microplastics in various products by 2027, Naturbeads is poised to meet the growing demand for eco-friendly solutions. Led by chief executive Dr. Giovanna Laudisio, the company's funding round saw participation from Eos Advisory and other investors, including CDP Venture Capital and Paragon Capital Management. The investment will support Naturbeads’ expansion, including the establishment of a production plant in Italy and collaboration with global manufacturers. Naturbeads plans to announce its first commercial milestones by 2025.

Sectors

  • Environmental Technology
  • Venture Capital
  • Consumer Goods

Geography

  • United Kingdom – Naturbeads is a UK-based startup focusing on environmental technology.
  • Italy – Naturbeads plans to build a production plant in Puglia, Italy.
  • European Union – The regulatory context regarding microplastics in the article involves EU regulations.

Industry

  • Environmental Technology – The article centers around Naturbeads, a company developing technology to address microplastic pollution, a significant environmental issue.
  • Venture Capital – The article discusses a Series A funding round led by Eos Advisory and other venture capital investors.
  • Consumer Goods – The solution Naturbeads offers relates to microplastics used in everyday consumer products like cosmetics and detergents.

Financials

  • £7.8 million – Funding amount raised in Naturbeads' Series A round.

Participants

NameRoleTypeDescription
NaturbeadsTarget companyCompanyA UK startup developing cellulose microsphere technology to tackle microplastic pollution.
Eos AdvisoryLead InvestorCompanyAn investment firm leading Naturbeads' Series A funding round.
Progress Tech TransferExisting InvestorCompanyAn investment firm participating in the funding round for Naturbeads.
CDP Venture CapitalInvestorCompanyAn investment firm participating through the Corporate Partners I Fund.
Paragon Capital ManagementInvestorCompanyAn investment firm participating through its early-stage VC fund, Paragon Ventures I.
Professor Davide MattiaCTO and Co-founderPersonOne of the co-founders behind Naturbeads' technology.
Dr. Giovanna LaudisioCEO and Co-founderPersonCEO of Naturbeads, leading the company in addressing microplastic pollution.
Professor Janet ScottCo-founderPersonA late professor and co-founder of Naturbeads.