Naturbeads has secured £8 million in Series A funding to scale its cellulose microsphere technology, positioning itself as a leading sustainable alternative to microplastics in response to EU regulatory changes.
Information on the Target
Naturbeads is a Bath-based startup specializing in sustainability, focused on developing cellulose microsphere technology as a sustainable alternative to microplastics. Recently, the company secured £8 million in a Series A funding round led by EOS Advisory, with participation from Progress Tech Transfer, CDP Venture Capital, PI-NB, and Paragon Ventures I.
The primary goal of Naturbeads is to address the pollution caused by microplastics present in widely used products such as cosmetics, detergents, and paints. With the funds raised, the company plans to construct its first production plant in Puglia, Italy, which will significantly enhance its production capacity to meet the increasing industrial demand for eco-friendly alternatives.
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Industry Overview in the Target's Specific Country
The European Union is currently facing a significant environmental challenge due to the pervasive use of microplastics in consumer products. As part of its commitment to sustainability, the EU has implemented regulations aimed
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EOS Advisory
invested in
Naturbeads
in
in a Series A deal
Disclosed details
Transaction Size: $10M