{"id":145761,"date":"2024-06-13T07:29:00","date_gmt":"2024-06-13T05:29:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=145761"},"modified":"2024-06-07T13:53:37","modified_gmt":"2024-06-07T11:53:37","slug":"kelpi-lands-4-3m-funding-to-take-seaweed-packaging-to-market","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/kelpi-lands-4-3m-funding-to-take-seaweed-packaging-to-market\/","title":{"rendered":"Kelpi lands \u00a34.3m funding to take seaweed packaging to market"},"content":{"rendered":"\n\n
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In a huge step forward for the business, Kelpi has secured \u00a34.35 million in investment to take our pioneering biomaterial technology to market. The funding round, announced today, will fund the next chapter for the business, allowing us to expand operations, grow the team and run scale-up pilots to plot our pathway to launch.<\/strong><\/p>\n\n\n\n

Kelpi\u2019s equity funding round was led by Blackfinch Ventures<\/a>, with funding from Green Angel Ventures<\/a>, Kadmos Capital<\/a>, QantX<\/a>, Evenlode Foundation<\/a> and the South West Investment Fund<\/a> as well as follow-on investment from Bristol Private Equity Club (BPEC)<\/a>, One Planet Capital<\/a> and private angel investors. Having initially sought \u00a33m in equity investment, raising \u00a34.35m (US $5.5m) constitutes a significant success for Kelpi.<\/p>\n\n\n\n

The funds will be used to advance manufacturing pilots and gain regulatory approval for our proprietary coatings for paper and card as well as continue a commercial roll-out which has already seen us win R&D contracts with global leaders like L\u2019Or\u00e9al, Diageo, and Waitrose and their tropical fresh fruit supplier Blue Skies.<\/p>\n\n\n\n

Kelpi\u2019s bio-material is unique in matching or even exceeding the performance of plastic, in particular with a strong water barrier and resistance to greasy contents or acidic foods. Kelpi uses only renewable feedstocks, sourcing seaweed farmed sustainably, ensuring a positive impact upon the environment as seaweed sequesters huge amounts of carbon dioxide as it grows, deacidifying the ocean and providing a rich environment for fish.<\/p>\n\n\n\n

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\u201cThis landmark investment enables Kelpi to scale up our pioneering work and take to market our world-leading packaging material that is already being chosen by clients,\u201d said Kelpi CEO Neil Morris<\/strong>. \u201cKelpi can now play a key role in ending our dependence on fossil fuels to create single-use packaging and so eliminating a major source of plastic pollution. We\u2019re delighted to receive this backing from investors like Blackfinch and Green Angel Ventures to allow us to accelerate our pioneering work.\u201d  <\/p>\n\n\n\n

Dr Reuben Wilcock, Head of Ventures at Blackfinch<\/strong>, said: \u201cKelpi stood out to us as a strong combination of world-leading scientific innovation with extensive entrepreneurial experience. Their technology has immense commercial potential and we\u2019re excited to be backing the company to scale up and go to market.\u201d<\/p>\n\n\n\n

Cam Ross, CEO of Green Angel Ventures<\/strong>, said \u201cWe\u2019ve been consistently impressed with Kelpi\u2019s team and technology, and their pioneering approach to developing biopolymers from renewable feedstocks like seaweed. At scale, the Kelpi approach will play a vital role in reducing fossil fuel dependency, addressing climate change and impacting on plastic pollution.\u201d<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

In a huge step forward for the business, Kelpi has secured \u00a34.35 million in investment to take our pioneering biomaterial technology to market. The funding round, announced today, will fund the next chapter for the business, allowing us to expand operations, grow the team and run scale-up pilots to plot our pathway to launch. Kelpi\u2019s […]<\/p>\n","protected":false},"author":59,"featured_media":145805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The company's bio-material is unique in matching or even exceeding the performance of plastic, in particular with a strong water barrier and resistance to greasy contents or acidic foods","footnotes":""},"categories":[5572],"tags":[7190,5838,7105,13283,24297],"supplier":[20126],"class_list":["post-145761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bio-based","tag-algae","tag-bioeconomy","tag-packaging","tag-seaweed","tag-singleusepackaging","supplier-kelpi"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/145761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=145761"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/145761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/145805"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=145761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=145761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=145761"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=145761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}