Fundz

Northern Gritstone Invests £2M In Floreon's Sustainable Bioplastics

PRIVATENov 21, 2023

Amount Raised

£2 Million

Round Type

Seed

Kingston upon HullManufacturingAgriculture and Farming

Investors

Northern Gritstone

Description

Today investment firm Northern Gritstone announced a £2 million Series A investment into the bioplastics developer Floreon, a spin-out technology from the University of Sheffield.

Quick answer

Floreon raised £2 Million in a Seed round, dated November 21, 2023. Investors: Northern Gritstone. Floreon is based in Kingston upon Hull, England, United Kingdom.

How much did Floreon raise?
Floreon raised £2 Million in a Seed round on November 21, 2023.
Who invested in Floreon?
Northern Gritstone is named as investors in this round.
What does Floreon do?
Floreon is a plant-based durable bioplastic, that is perfect for toys, automotive and consumer electrics.
Where is Floreon based and how big is it?
Floreon is based in Kingston upon Hull, England, United Kingdom.
Who are the decision-makers at Floreon?
Fundz holds 1 contact at Floreon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Manufacturing around the same time

Companies in the same sectors as Floreon that raised within 45 days of this round, from Fundz verified event records.

  • VM Agritech raised $7.6M on December 23, 2023.
  • Hadrian raised $86M on December 11, 2023.
  • DVM Systems raised $289K (Seed) on November 29, 2023.
  • Sow Good raised $2.8M (Seed) on November 20, 2023.
  • Talus Renewables raised $22M (Series A) on November 2, 2023.
  • ViaLase raised $45M (Seed) on January 5, 2024.

Who to call at Floreon, and when

A new round usually means Floreon is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Floreon raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Floreon, from your own LinkedIn network

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Company Information

Company

Floreon

Location

Kingston upon Hull, England, United Kingdom

About

Floreon is a plant-based durable bioplastic, that is perfect for toys, automotive and consumer electrics. Floreon provides an environmentally friendly alternative to traditional oil-based plastics but with up to 7 x lower carbon footprint and can be recycled. Our durable flame retarded solution is a world first bioplastic engineered to switch into your current manufacturing process seamlessly. We are also proud to be recognised as a BCORP, aligning our values and commitment to a sustainable product and business The award-winning, high-performance formulation is derived from renewable crop sources and delivers a substantially lower carbon footprint, without compromising the performance of your brand or product. When the product reaches the end of its life, Floreon can be mechanically recycled, chemically recycled or commercially composted. With bio-based solutions expected to account for 40% of the global plastics market by 2030, $324bn, Floreon enables brands to lead the way.

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Floreon raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.