# Neverwaste

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neverwaste

- Industry: Consumer Products
- Headquarters: London, UK
- Website: www.neverwaste.world
- Total disclosed funding: $1.9M
- Latest round: Seed (Jan 24, 2023)
- Investors on record: 2

## About

Based in London, UK, and founded in 2018, Unwasted Ltd. doing business as Neverwaste provide panel board to its customers which is made from waste material. The company was founded by its CEO Rod Fountain. In January 2023, the firm raised GBP 1.5 million in Seed funding from investor Elbow Beach Capital, with participation from returning investor UK Future Fund.

The company offers panel board which is use in the construction, furniture, kitchens and flooring. The firm panel board is made by refining and modifying the fiber of waste cardboard and packaging even the glues, resins, or toxic chemicals are not used in the production process of panel board.

The company plan to use the January 2023 funding to build its first manufacturing facility.

## Funding rounds

- Seed, Jan 24, 2023, $1.9M — British Business Bank, Elbow Beach Capital

## Investors

- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Seed
- Elbow Beach Capital (https://capitalatlas.ai/funds/elbow-beach-capital) — Seed