TLDR:
- Earth Venture Capital (Earth VC) from Vietnam participated in a $3.2 million funding round for UK-based Sparxell.
- Sparxell, a developer of sustainable plant-based pigments, plans to expand manufacturing capacity, secure partnerships, and launch a Series A funding round.
Vietnamese climate tech venture capital firm, Earth Venture Capital, has joined a $3.2 million funding round for Sparxell, a UK-based developer of sustainable plant-based pigments. The funding, which includes seed investments, grants, and awards, was led by the Circular Innovation Fund. Other investors include Future Communities Capital, PDS Ventures, Katapult, and SNØCAP VC.
The partnership between Earth VC and Sparxell aims to bridge the market for sustainable pigments in emerging Asia, focusing on the textile and cosmetic industries. Sparxell plans to expand manufacturing capacity, secure partnerships with brands, and launch a Series A funding round to scale production and accelerate commercialization.
Sparxell was founded in 2022 by Dr. Benjamin Droguet and Professor Silvia Vignolini, who discovered ways to replicate vibrant colors in nature using plant-based cellulose. Their pigments are toxin-free, fully biodegradable, and offer a sustainable alternative to traditional synthetic pigments. The firm’s technology presents transformative opportunities for various industries including beauty, fashion, packaging, and paint.
With a focus on sustainability and innovation, Earth VC and Sparxell are working towards a more sustainable future for the pigment industry in emerging Asian markets. Sparxell’s innovative products offer a natural and non-toxic way to create vivid, durable, and fade-resistant colors, contributing to a more environmentally friendly colorant market.
