Sustainable biotech innovator [Kelpi[(https://www.kelpi.net/) today announced it has secured both private and public sector funding using the FounderCatalyst platform to advance its pioneering technology creating bioplastics from seaweed.
The pre-seed funding round was led by Bristol Private Equity Club (BPEC) combined with a linked Innovate UK ‘Combined Investor Partnership’ grant landed through SETSquared’s highly successful Regional Angel Investment Accelerator (RAIA) programme.
Kelpi’s compostable bioplastic packaging for food is now a step closer to the supermarket shelves, replacing single-use fossil fuel plastics which take hundreds of years to decompose. Kelpi will use the funds to scale up the development of prototype bioplastic packaging that is compostable, marine-safe and carbon-negative.
Sam Simpson, FounderCatalyst COO said: “We’re delighted that Kelpi chose us to navigate the steps necessary to successfully execute their pre-seed round efficiently and effectively without impacting on their time to run the business.”
“This landmark investment enables Kelpi to advance its work as one of just a handful of companies worldwide using seaweed to create entirely new bioplastic packaging solutions,” said Kelpi co-founder and CEO Neil Morris. “We set out to play a part in eliminating plastic pollution and enabling net zero. This funding will allow us to accelerate progress towards achieving that goal using seaweed - a natural, renewable biomass that has huge potential to sequester carbon and sustainably address climate change.”
← Back to all of the articles
You can start a funding round in minutes with a free FounderCatalyst account, experiment with our service and see how easy it would be to save time, money, and emotional resources by using FounderCatalyst when raising your next funding round.
You can see a sample of the paperwork we'd generate, invite colleagues to act as investors, and truly experiment with how easy we make it. Then cancel the experiment round when you're ready to start a real one!