Xampla has secured £2 million in seed funding to develop a plant protein-based alternative to microplastics, targeting the growing demand for sustainable solutions in the microencapsulation market.
Target Information
Xampla, a spin-out from the University of Cambridge, is dedicated to combating microplastic pollution. The company has recently secured £2 million in seed funding to advance its innovative technology aimed at providing a plant protein-based alternative for microplastics, which are commonly used in various everyday products.
The startup's primary focus is on the $12 billion microencapsulation market, which currently relies on synthetic polymer capsules. As regulatory bodies such as the EU consider banning synthetic microplastics, Xampla's solution offers a timely and sustainable alternative.
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Industry Overview
The microplastics industry has faced increasing scrutiny, particularly in Europe, where the European Chemicals Agency (ECHA) has highlighted the significant environmental impact of added microplastics
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Amadeus Capital Partners, Cambridge Enterprise, Sky Ocean Ventures, University of Cambridge Enterprise Fund VI
invested in
Xampla
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $3M
Revenue: $12,000M