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.