University of Cambridge spin-out Xampla has today announced it has closed a £6.2m seed finance round, led by the backers of Zoom, to accelerate the roll-out of its next generation plastic replacement.
Xampla founders
The investment follows a £2m round announced in April. Xampla has ambitious plans to replace microplastics and single-use plastics with its entirely natural plant-protein alternatives. Xampla is chaired by Jeff Seabright, the former Chief Sustainability Officer of Unilever, and this year was the first UK university spin-out to secure B Corp accreditation.
The finance round was led by Horizons Ventures, the private investment arm of Mr Li Ka-shing, which is a leading investor in some of the world’s most innovative companies and disruptive technologies including Facebook, Zoom, Waze, Spotify, Siri, DeepMind, Improbable, and Impossible Foods.
Xampla is also backed by deep-tech investor Amadeus Capital Partners, Cambridge Enterprise, and the impact investment fund Sky Ocean Ventures.
Media enquiry
If you are a journalist with a media enquiry, please contact our Press and Media Manager.
Image: Xampla microcaps (banner) Credit: Xampla Inset image credit: Xampla