Naturbeads to Tackle Micro Pollution with £7.8m Series A Funding

Deal News | Dec 05, 2024 | SETsquared

Naturbeads to Tackle Micro Pollution with £7.8m Series A Funding

Naturbeads, a pioneering company addressing microplastic pollution, makes strides with the closure of a £7.8 million Series A funding round. This funding, led by Eos with contributions from MITO Tech Ventures, CDP Venture Capital, PI-NB, and Paragon Capital Management, is earmarked for the construction of a new production plant in Puglia, Italy. The plant will bolster the production of their eco-friendly cellulose microspheres, designed to replace harmful microplastics. With increasing global concern over microplastic pollution, especially following the EU's upcoming bans, Naturbeads' biodegradable solutions present timely and scalable alternatives. Founded in 2018 and a part of SETsquared's Scale-Up program, Naturbeads continues to partner with global manufacturers to integrate its technology across various industrial applications. CEO Dr. Giovanna Laudisio highlights their unique focus on eco-friendly micro alternatives, while stakeholders express optimism about tackling significant environmental challenges through Naturbeads' innovative technology.

Sectors

  • Environmental Technology
  • Biotechnology
  • Venture Capital

Geography

  • Italy – The new production plant for Naturbeads will be located in Puglia, Italy.
  • United Kingdom – Naturbeads was founded as a spin-out from the University of Bath in the UK, highlighting its British origins.
  • European Union – EU regulations on microplastics impact the company's market and operations.

Industry

  • Environmental Technology – Naturbeads is developing biodegradable solutions to combat microplastic pollution, a significant environmental challenge.
  • Biotechnology – The company utilizes biotechnology processes to create cellulose microspheres as alternatives to non-biodegradable microplastics.
  • Venture Capital – The funding round led by multiple venture capital firms, including Eos and MITO Tech Ventures, underscores the VC interest in sustainable technology solutions.

Financials

  • £7.8m – The amount raised in the Series A funding round for Naturbeads.

Participants

NameRoleTypeDescription
NaturbeadsTarget CompanyCompanyA company focused on producing biodegradable cellulose microspheres to replace harmful microplastics.
EosLead InvestorCompanyA venture capital firm that led the £7.8m Series A funding round for Naturbeads.
MITO Tech VenturesInvestorCompanyInvested in the Series A funding round for Naturbeads.
CDP Venture CapitalInvestorCompanyInvested in the Series A funding round for Naturbeads.
PI-NBInvestorCompanyInvested in the Series A funding round for Naturbeads.
Paragon Capital ManagementInvestorCompanyInvested in the Series A funding round for Naturbeads.
Dr Giovanna LaudisioCEO and Co-FounderPersonCEO and Co-Founder of Naturbeads, focused on developing sustainable microplastic alternatives.
Andrew DurkiePartnerPersonPartner at Eos, leading the investment in Naturbeads.
Alberto CalvoManaging DirectorPersonManaging Director at Progress Tech Transfer, commented on Naturbeads' industrial solution.
Agostino ScornajenchiManaging Director and General ManagerPersonGeneral Manager at CPD Venture Capital, expressed support for Naturbeads' new plant in Puglia.