2 years ago
FlexSea Secures £3 Million Seed Funding to Revolutionize Sustainable Packaging
FlexSea, a London-based sustainable packaging company, has secured £3 million in seed funding and grants
The round was led by Indico Capital Partners, with participation from RedRice Ventures, Btomorrow Ventures, Food Foundry, Vala Capital, ICON Capital, and Pente Capital
FlexSea's mission is to replace traditional petroleum-based plastic film with a natural, seaweed-derived material that is biodegradable and edible
The funding will support expanding operations and business reach.
ProblemTechnology Infrastructure
"Plastic pollution is a massive problem, especially in the oceans. Traditional plastic packaging takes hundreds of years to decompose and harms marine life. "
Solution
"FlexSea has developed a sustainable packaging material made from seaweed. This material is biodegradable, compostable, and even edible, providing a more environmentally friendly alternative to plastic. "