[Funding alert] Cambridge-based Xampla Secures €6.4 Million in Funding

Tuesday 30, 2024 | By Startup Rise EU

Cambridge-based Xampla secures €6.4 million in funding. The money will be utilized to increase the manufacturing of the plant-based, biodegradable materials manufactured by the UK company, helping major brands to abandon single-use plastic.

Cambridge-based Xampla secures €6.4 million in funding. The money will be utilized to increase the manufacturing of the plant-based, biodegradable materials manufactured by the UK company, helping major brands to abandon single-use plastic.

With additional money from current investors Amadeus Capital Partners, Horizon Ventures, Cambridge Angels, Cambridge Enterprise, and Martlet Capital, the funding round showed a strong level of investor confidence in Xampla.

Read also - Limburg-based Foodtech Company Verdify Raises €2.4Million in Funding

CIECH Ventures, a clean tech supporter that is a member of a multinational emerging chemical firm with over 3,000 employees, is one of the new investors. Xampla has invested a total of €20.6 million thus far.

Alexandra French, CEO at Xampla, said: “This investment is a testament to the shared commitment of our backers, who can see that Xampla products are the gateway to a new era in materials sustainability. This new funding will support the expansion of our Morro material into new territories and new applications and enable us to make a big impact. We are determined to lead the way towards a future where natural materials thrive, and traditional plastics become a thing of the past.”

The fresh funding infusion will be carefully used to extend the reach of Xampla's consumer brand, Morro, into new geographies. Strong, grease- and oxygen-resistant, completely biodegradable, and safe for food, Morro materials are the result of fifteen years of study at the University of Cambridge.

Read also -  Netherlands-based Tidal Control Secures €500K in a Pre-Seed Round Funding

With this investment, Morro Coating's applications will grow, eventually replacing plastic-based coatings in takeout boxes, sachets, and cups.

Szymon Smyk, CEO at CIECH Ventures said: “Xampla’s innovative approach and impact on the industry align deeply with the values of CIECH Ventures. Cleantech solutions capable of addressing real-world problems, such as plastic pollution, and promoting sustainable development are of particular interest to us. We are excited to support the development of Morro materials, which are both impressive and necessary in today’s world.”

About Xampla

Xampla is a company that produces natural materials for industrial use. Autumn 2023 saw the introduction of Xampla's new brand, Morro. Plant-based, robust, and completely biodegradable materials of the future are what Morro offers to the market. The most harmful polymers can be avoided by using Morro Micro, Morro Soluble Film, Morro Coating, and Morro Edible Film.

Read also - Amsterdam-based Send AI Raises €2.2Million in a Pre-Seed Round Funding

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