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Today: December 22, 2024
January 31, 2024
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Xampla Secures $7M Investment to Drive Growth and Innovation

TLDR:

  • Xampla, a natural materials company based in Cambridge, UK, has raised $7 million in funding.
  • The funding round brought the total amount raised by Xampla to $17.6 million.

Xampla will use the funds to expand its consumer brand, Morro, into new markets and advance production of biodegradable, plant-based materials. The company aims to help big brands move away from single-use plastic.

The company’s CEO, Alexandra French, stated that the investment is a testament to Xampla’s commitment to materials sustainability.

Xampla supplies Morro, a product used to remove plastic pollution from plants. The material is fully biodegradable, home compostable, and food safe, with high strength, grease, and oxygen barrier properties. It has been used by brands such as Britvic, ELEMIS, and Gousto.

Xampla plans to explore future applications of Morro Edible Film and Morro Soluble Film, as well as enhance the fortification and stability of vitamins and nutrients found in food and drink through Morro Nutri.

The company also aims to optimize operational efficiency by driving down the cost of sustainable materials while maintaining high quality standards.

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