Funding

[Funding alert] Berlin-based Vyld Raises Seven-Figure Seed Funding

Jan 19, 2024 | By Startup Rise EU

Berlin-based Vyld Raises Seven-Figure Seed Funding. The creators are depending on their own sustainable financing vehicle, the Future Profit Partnership Agreement (FPPA), in addition to funds from the EU and the German government.

Berlin-based Vyld Raises Seven-Figure Seed Funding. The creators are depending on their own sustainable financing vehicle, the Future Profit Partnership Agreement (FPPA), in addition to funds from the EU and the German government.

The current funding round makes it possible to grow the Algaeverse portfolio for B2B and B2C customers as well as to introduce the Kelpon, the first seaweed-based tampon, to the market this year.

Read also - European Tech Community Upscalers Secures Pre-Seed Funding

In 2021, ecopreneurs Melanie Schichan and Ines Schiller established Vyld with the goal of realising their vision of an Algaeverse with circular products derived from seaweed in a self-determined manner.

Vyld CEO Ines Schiller said, “Tackling questions of ownership, power and financing is crucial to me as an entrepreneur. Business models create realities and extractive models do not only threaten the environment and health, but also reproduce exploitative standards and anti-democratic tendencies. We want to counter this with a model that promotes creation instead of consumption, quality instead of quantity and triple top line instead of hypergrowth,”.

Thus, she has developed a mezzanine financial instrument that combines the benefits of equity and loan capital, permits an adequate return for investors, and ensures Vyld's independence by utilising her financial skills as a well-known feature film producer.

Reda also - Paris-based Kiln Secures $17m in Funding

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Investor Kai Viehof said, "With its model, Vyld is particularly appealing to investors who want to invest their money in a regenerative way and critically question the maximum principle, Vyld shows that neither shareholder value-driven venture capital nor unbridled growth is needed to successfully implement sustainable ideas that really make a difference for our planet and our society. However, change can only become possible on a broad scale if investors also rethink and provide the necessary capital fairly and with reasonable return expectations.”

About Vyld

The funding will allow Vyld's seaweed products to continue developing: The Dyper's pilot phase has just begun, following the triumphant consumer testing of the Kelpon, which involved over 100 menstruators in the autumn of 2023.

Read also - London-based Recraft Raises €11 Million in Series A Round Funding

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