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UK-based sustainable materials company Xampla has secured more than $14 million in private investment to accelerate its mission to replac single-use plastics with plant-based packaging alternatives. The Series A funding will support the company’s expansion in the UK, Europe and Asia Pacific.
CEO Alexandra French said the investment is a strong endorsement of the company’s approach:
This is a major vote of confidence for our revolutionary replacements for polluting plastics, and will see us expanding into Asia Pacific as well as growing in the UK and Europe. We have proven to investors and to brands that Morro materials are the real deal in making plastic a material of the past. Our ambition now is nothing less than to see our products – proudly bearing their Morro marque – become the world’s go-to plastic replacement.”
The Series A round, led by Emerald Technology Ventures, also includes BGF, Munich-based Matterwave Ventures, and follow-on investment from Amadeus Capital Partners and Horizons Ventures.
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