Blue Biotech Firm Flexsea Raises £2M For Sustainable Seaweed Bioplastic Production

Oct 04, 2023•about 2 years ago

Amount Raised

£2 Million

Round Type

seed

LondonAgriculture and FarmingBiotechnologyManufacturing

Investors

Innovate UkPente CapitalIcon CapitalVala CapitalFood FoundryBtomorrow VenturesRed Rice VenturesIndico Capital Partners

Description

London-based blue biotech company FlexSea has raised a £2 million equity Seed round led by Indico Capital Partners, with the participation of RedRice Ventures, Btomorrow Ventures, Food Foundry, Vala Capital, ICON Capital, and Pente Capital.

Company Information

Company

FlexSea

Location

London, England, United Kingdom

About

FlexSEA is a sustainable-packaging company aiming to replace traditional petroleum plastic film with an innovative natural material derived from seaweed. Our transparent, resistant material is degradable in marine, soil and home-composting environments and is also edible. We want to redefine the way people see plastic packaging. We want to innovate and change the way we see and use plastics. At FlexSea we believe the packaging of the future to be a packaging that is born in nature, serves its purpose, and returns to nature in a harmless way. A packaging that is built to exist, protect and preserve its contents only for the duration that these exist for. At FlexSea the future is now.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns