UB FIGG led a significant investment round in Notpla, a UK-based company specializing in seaweed-based sustainable packaging solutions, alongside other prominent investors to enhance Notpla's market expansion and product innovations.

Target Information

Notpla is a UK-based company specializing in regenerative packaging materials derived from seaweed and plants. Renowned for its commitment to creating a healthier planet, Notpla has become a leader in providing natural alternatives to single-use plastics. In recognition of its innovative solutions, Notpla was awarded the prestigious Earthshot Prize in 2022. The company's product line includes seaweed-coated food containers, edible liquid bubbles, and flexible film replacements. To date, Notpla has successfully replaced over 13 million single-use plastic items from entering the environment.

Notpla's focus on sustainable packaging aligns with increasing consumer demand for eco-friendly products. Earlier this year, Notpla announced partnerships with notable companies such as Sweden's Duni Group for home-compostable food packaging and the Compass Group, through which they will supply over 75 million packaging units to major European stadiums over the next three years. These strategic collaborations have positioned Notpla for significant growth, with plans to expand the annual impact of their sustainable solutions to over 100 million units within the next two to three years.

Industry Overview

The sustainable packaging market in the UK has been gaining tremendous momentum, driven by rising environmental awareness and stringent regulations against single-use plastics. The government and businesses are increasingly focused on cr