Investment firm raises £2m for ‘breakthrough’ plant protein microplastics alternative
A London investment house has led a multi-million pound funding round for a firm aiming to reduce microplastic pollution.
Amadeus Capital Partners, along with Cambridge Enterprise, led a £2m investment round for University of Cambridge spin-out Xampla to further develop its microplastics alternative made from plant protein.
Unlike other alternatives to microplastics based on plant polysaccharides, such as cellulose and algae, Xampla’s plant protein materials do not rely on chemical cross-linking for their performance, enabling them to decompose quickly and completely in the natural environment.
Simon Hombersley, Xampla CEO, explained: “Our mission is to reduce the impact of single-use plastic, and our initial commercial focus is on intentionally-added microplastics.
“With our new plant protein material, we are committed to helping manufacturers make the transition from traditional plastics to high performance alternatives that protect the planet.”
The round, which also saw participation from Sky media group’s impact investment fund Sky Ocean Ventures and Parkwalk-managed University of Cambridge Enterprise Fund VI, will allow Xampla to develop its prototype material into products.
Amelia Armour, Principal at Amadeus Capital Partners, commented: “Xampla is a great example of deep tech emerging from the UK research base at exactly the right time to respond to regulatory changes and consumer trends around plastic.
“We’re excited to be investing alongside an impact investor, and backing a world-class science team that can offer commercial solutions for multiple industries.”
Dr Elaine Loukes, investment director at Cambridge Enterprise, added: “Xampla has come up with a remarkable alternative to plastic. The fabrication process mimics those used by nature and the product is entirely made from natural materials.
“We are very pleased to be supporting a company with the potential for tremendous beneficial impact.”
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