UK-based cleantech startup Naturbeads, which develops sustainable, biodegradable cellulose microbeads to replace plastic microbeads, has secured £7.8 million in a Series A funding round to support the development of its first production plant in Puglia, expected to be completed by 2025. Investors include Eos, MITO Technology, and CDP Venture Capital SGR.
- Founded in 2018 by Giovanna Laudisio and Davide Mattia, Naturbeads develops biodegradable cellulose microspheres as a sustainable alternative to plastic microbeads.
- The startup’s innovative microspheres are designed for use in cosmetics, personal care products, paints, coatings, adhesives, packaging, and a range of other industrial and consumer applications. They deliver the same performance as plastic microbeads while significantly reducing environmental impact.
- Naturbeads emphasizes sustainability throughout its operations by sourcing cellulose from certified forestry or agricultural waste, utilizing an energy-efficient manufacturing process, and employing non-toxic, recyclable solvents.
Details of the deal
- The Series A round was led by Scottish investment management firm Eos, Milan-based VC MITO Technology, CDP Venture Capital SGR, PI-NB, Singapore-based Paragon Capital Management Singapore Private Limited, and angel investors.
- Naturbeads plans to use the funds to advance the construction of its first production plant in Puglia, scheduled for completion in 2025. This facility will enable the company to scale up production of its bio-based, biodegradable cellulose microspheres, providing an eco-friendly alternative to microplastics in consumer and industrial products.
"This funding, combined with previous grants and investments, gives us the boost needed to bring our sustainable ingredients to a larger market, advancing our work to tackle microplastic pollution right at the source. Thank you to everyone who believed in us and supported us through this journey," CEO and co-founder at Naturbeads, Giovanna Laudisio, stated.
