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Date: 27 May 2021
Next generation plastic start-up Xampla accelerates growth with further £6m seed investment
LONDON, Jan. 8, 2021 /PRNewswire/ University of Cambridge spin-out Xampla has today announced it has closed a £6.2m seed finance round, led by the backers of Zoom, to accelerate the roll-out of its next generation plastic replacement. The investment follows a £2m round announced in April last year.
The company has ambitious plans to replace microplastics and single-use plastics with its entirely natural plant-protein alternatives. Xampla is chaired by Jeff Seabright, the former Chief Sustainability Officer of Unilever, and is the first UK university spin-out to secure B Corp accreditation.
Dec 10, 2020
TRENTON, N.J., TerraCycle, Manager of Loop Global Holdings LLC, announced today that it has completed a Series A Founding Investors capital raise of $25 million for its global reuse platform Loop, which capital is expected to fund operations to profitability. Investors include P&G, Nestlé, SUEZ, Aptar, Sky Ocean Ventures, ImpactAssets and Quadia. Given Loop s global momentum and the limited amount of capital being raised, it was important for us to pick partners who firmly believe in Loop s mission to establish modern-day reuse systems, said Tom Szaky, TerraCycle CEO. With this community of partners, Loop is the beginning of the end of disposability, making reuse a viable and accessible option for CPGs, retailers and consumers.