Xampla, a Cambridge, UK-based natural materials company, raised $7M in funding.
The round, which brought the total amount to $17.6M, saw participation from Amadeus Capital Partners, Horizon Ventures, Cambridge Angels, Cambridge Enterprise, Martlet Capital and CIECH Ventures.
The company intends to use the funds to expand the applications of its consumer brand, Morro, into new markets, and to advance production of biodegradable, plant-based materials, supporting big brands to move away from single use plastic.
Led by CEO Alexandra French, Xampla supplies Morro, a product used to remove polluting plastic from plants. The material can break down safely, quickly and completely without leaving any harmful pollutants. Backed by 15 years of research at the University of Cambridge, Morro materials are fully biodegradable and home compostable, and food safe, offering high strength, grease and oxygen barrier properties.
With its technology already used by brands such as global drinks retailer, Britvic; British skincare experts, ELEMIS; and meal-kit retailers, Gousto; Xampla will explore future applications of Morro Edible Film and Morro Soluble Film. An expansion of Morro Nutri will enhance the fortification and stability of vitamins and nutrients found in food and drink. In collaboration with key partners, the company will also optimise operational efficiency by driving down the cost of sustainable materials, while upholding high quality standards.
Commenting on the news, Alexandra French said: “This investment is a testament to the shared commitment of our backers, who can see that Xampla products are the gateway to a new era in materials sustainability.”
FinSMEs
29/01/2024
