At Notpla, we’ve always believed that nature holds the key to solving our most pressing environmental challenges. Today, we’re thrilled to announce a major milestone that will propel our mission forward: we’ve successfully closed our Series A+ funding round, securing an unprecedented £20 million (over $25 million) in equity fundraising to advance us into a new era of plastic-free materials and a healthier planet.
A vote of confidence
This substantial investment, which more than doubled our initial target, comes at a crucial time. Our innovative approach to sustainable packaging has garnered significant support from a diverse group of investors who share our vision for a plastic-free future.
The round was led by UB Forest Industry Green Growth Fund, with participation from both new and existing investors. Among them is Catalytic Capital for Climate & Health (C3H), an impact-first vehicle by Temasek Trust. Ryan Tan, Director at C3H, expressed their enthusiasm for our work and their partnership:
“Notpla’s business is well aligned with Temasek Trust’s impact focus areas. We believe that Notpla’s strong customer traction and product innovation position them well for further business expansion, as they realise even more impact and reduce the environmental harm caused by single-use plastics. We are proud to be part of Notpla’s journey and to see it growing from strength to strength since winning The Earthshot Prize, of which we are a Founding Partner.”
This investment will fuel our expansion into markets in which plastic-free solutions are in high demand such as North America where Notpla’s materials have already been an making impact. Accelerating the development of our next-generation, seaweed-based packaging solutions, the funding will help us to advance the capabilities of our materials and ultimately enable the replacement of over 100 million single-use plastics per year within the next two years, building from the 16 million we’ve already replaced to-date.
David Walker, UB Forest Industry Green Growth Fund’s Senior Partner, highlighted the need for change and how Notpla’s enabling exactly that:
“Notpla’s innovative approach to sustainable packaging, particularly its use of seaweed as a renewable resource, represents a groundbreaking shift away from traditional single-use plastics. This investment aligns perfectly with our mission to drive green growth and promote sustainable practices across industries. We’re excited to partner with Notpla as they scale their operations and continue to lead the charge in reducing the environmental impact of packaging globally.”
Expanding across the Atlantic
As we set our sights on the North American market, we’re not just expanding our reach—we’re expanding our impact. Stephen Feline, Director of North America for London & Partners, emphasised the importance of our work in the global context:
“We’re delighted with Notpla’s ongoing success in the US and see them as a prime example of the innovation coming from London in the sustainability sector. We will only address the climate crisis by empowering pioneers like Notpla to do more and by working together as partners on both sides of the Atlantic.”
A word from our Founders
Notpla Co-Founder and Co-CEO, Rodrigo García González, shared his thoughts on this milestone:
“We are thrilled to have secured this level of investment in such a competitive environment. This round not only validates our approach but also positions us to capitalise on the growing demand for truly plastic-free packaging solutions in global markets, especially as we develop our material’s possibilities.”
Pierre Paslier, Notpla Co-Founder and Co-CEO, added:
“Our investors recognise the commercial potential of our technology and our unique solutions. This funding allows us to accelerate our growth and continue leading the market in sustainable innovation.”
