2 years ago
Xampla Raises £5.5 Million to Scale Up Plant-Based Plastic Replacement
Xampla, a cleantech startup based in Cambridge, UK, has secured £5.5 million in funding to advance its plant-based, biodegradable material, Morro, which aims to replace plastic
The funding round was led by CIECH Ventures and included participation from previous backers Amadeus Capital Partners, Horizon Ventures, Cambridge Angels, Cambridge Enterprise, and Martlet Capital
Xampla's Morro material is designed to break down quickly and fully without releasing harmful pollutants, offering a sustainable alternative to traditional plastics
The company plans to use the investment to expand its Morro material into new territories and applications, aiming to make a significant impact on the materials sustainability landscape.
ProblemCleantech
"Plastic pollution is a major environmental problem, as traditional plastics take hundreds of years to break down and release harmful pollutants."
Solution
"Xampla offers a plant-based, biodegradable material called Morro that can replace plastic and breaks down quickly and safely without harming the environment."