Xampla has confirmed it has successfully secured $14m in new investment as it closes its Series A funding round.
“With this funding, we pledge to replace more than 10 billion units of single-use plastics with our Morro materials over the next 5 years,” said the company in a statement. “This milestone marks a new era of growth for Xampla, committed to changing the packaging landscape for better and for good with the power of plants. Thank you to our investors for your confidence in our mission, technology, and team; Emerald Technology Ventures runs Europe’s first specialist, venture-backed investment fund targeting the full packaging lifecycle. BGF is one of the largest growth capital investors in the UK and Ireland. Matterwave Ventures empowers companies to shape industrial value chains and become global leaders. Our existing investors, including Amadeus Capital Partners and Horizons Ventures, who continue to support and believe in Xampla.”
