Notpla funding news – London-based Notpla Raises £20 Million in Series A Round Funding

The UB Forest Industry Green Growth Fund spearheaded the round, with participation from Horizons Ventures, Astanor, Catalytic Capital for Climate & Health (C3H), Broadwater Cap, Radicle Impact, EIT Food's AgriFoodInvest, Rosebrook, Trousdale Ventures, and Ocean Born Foundation.

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The company plans to scale up manufacturing capacities, increase product offerings, and expedite market penetration into North America with the help of the funding.

Notpla Co-Founder and Co-CEO, Rodrigo García González, shared his thoughts on this milestone: “We are thrilled to have secured this level of investment in such a competitive environment. This round not only validates our approach but also positions us to capitalise on the growing demand for truly plastic-free packaging solutions in global markets, especially as we develop our material’s possibilities.”

Pierre Paslier, Notpla Co-Founder and Co-CEO, added: “Our investors recognise the commercial potential of our technology and our unique solutions. This funding allows us to accelerate our growth and continue leading the market in sustainable innovation.”

Ryan Tan, Director at C3H, said: “Notpla’s business is well aligned with Temasek Trust’s impact focus areas. We believe that Notpla’s strong customer traction and product innovation position them well for further business expansion, as they realise even more impact and reduce the environmental harm caused by single-use plastics. We are proud to be part of Notpla’s journey and to see it growing from strength to strength since winning The Earthshot Prize, of which we are a Founding Partner.”

David Walker, UB Forest Industry Green Growth Fund’s Senior Partner, stated: “Notpla’s innovative approach to sustainable packaging, particularly its use of seaweed as a renewable resource, represents a groundbreaking shift away from traditional single-use plastics. This investment aligns perfectly with our mission to drive green growth and promote sustainable practices across industries. We’re excited to partner with Notpla as they scale their operations and continue to lead the charge in reducing the environmental impact of packaging globally.”

About Notpla

Established in 2014 by Pierre Paslier and Rodrigo Garcia Gonzalez, Notpla is a pioneer in environmentally friendly packaging. Seaweed-coated food containers, edible liquid bubbles, and flexible film substitutes are some of the alternatives to plastic. Thirteen million pieces of single-use plastic have already been prevented from entering our environment because to their solutions.