Notpla, a sustainable packaging company headquartered in London, has raised £20 million in a recent funding round. The funding, led by UB Forest Industry Green Growth Fund and supported by entities like Catalytic Capital for Climate & Health and Horizons Ventures, will facilitate Notpla’s entry into the North American market.
The company will also further invest in developing seaweed-based packaging solutions capable of replacing single-use plastics. Its eco-friendly offerings are plastic-free, home-compostable and have gained traction in Europe with companies like Compass Group and Just Eat Takeaway.com
The investment will enable Notpla to enhance its manufacturing capabilities, expand its product range and penetrate new markets. Notpla aims to replace over 100 million single-use plastic items annually with its products in the next two years, responding to the increasing global demand for sustainable packaging solutions.
