# Notpla

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

- Industry: Packaging
- Headquarters: London, UK
- Website: www.notpla.com
- Total disclosed funding: $43M
- Latest round: Series A (Apr 15, 2024)
- Investors on record: 16

## About

Based in the UK, Notpla Limited specializes in developing sustainable packaging solutions that effectively replace single-use plastics, utilizing materials derived from seaweed to create eco-friendly alternatives.Notpla Limited, founded in 2013 and headquartered in London, UK, focuses on sustainable packaging solutions. The company has undergone no significant pivots in its strategy since inception. Founders Pierre-Yves Paslier and Rodrigo González have a vision for innovation in sustainable materials. Recently, Notpla raised GBP 20 million in Series A funding on September 25, 2024, with investments from Astanor Ventures, Broadwater Capital, and a consortium of other investors, bringing the total amount raised to GBP 20 million. The company has completed 5 total deals to date.Notpla specializes in sustainable packaging solutions primarily derived from seaweed. Their core product offerings include a range of innovative packaging solutions designed to replace conventional single-use plastics. Key products such as food containers, rigid cutlery, energy gel pods, and various sachets are engineered to be compostable, edible, or water-soluble, addressing the urgent need to minimize environmental waste. These products serve a diverse clientele, including food and beverage brands, home care product companies, and personal care brands, effectively catering to both B2B and B2C markets. Notpla’s geographical reach extends beyond its London base, enabling distribution across various international markets that prioritize sustainable practices, including Europe and North America.Notpla generates revenue through direct sales of its sustainable packaging products to businesses in multiple sectors. The company's transaction structure generally involves B2B partnerships with manufacturers and retailers who incorporate Notpla’s products into their offerings. This includes collaborations where brands utilize Notpla’s packaging for their food and beverage items, enhancing their commitment to sustainability. Transactions typically revolve around bulk orders of products such as seaweed-coated food containers and rigid cutlery, with contracts often negotiated based on volume and recurring supply needs. While specific pricing details are not disclosed, the strategic partnerships established with various brands suggest a focus on aligning product offerings with client sustainability goals.In September 2024, Notpla Limited raised GBP 20 million in Series A funding, which will be utilized to expand its product line, increase manufacturing capabilities, and gain traction in new markets, primarily targeting North America. This funding round was co-led by United Bankers and Temasek Trust, with contributions from several other investors. The company plans to launch new sustainable packaging products and enter additional international markets by leveraging its innovative approach and existing partnerships.

## Funding rounds

- Series A, Apr 15, 2024, $24M — Rosebrook Capital Partners, Kibo Capital Partners, Horizons Ventures, Radicle Impact Partners, Schmidt Family Foundation, Trousdale Ventures, Astanor Ventures, EIT Food iVZW, Temasek Trust, Ocean Born Foundation, United Bankers Fund Management, Broadwater Capital
- Series A, Dec 10, 2021, $13M — Horizons Ventures, Torch Capital, Astanor Ventures, Lupa Systems
- Seed, Jan 20, 2020, $5.2M — DOEN Participaties, Torch Capital, Astanor Ventures, Sky Ocean Ventures, Lupa Systems

## Investors

- DOEN Participaties (https://capitalatlas.ai/funds/doen-participaties) — Seed
- Torch Capital (https://capitalatlas.ai/funds/torch-capital) — Seed, Series A
- Astanor Ventures (https://capitalatlas.ai/funds/astanor-ventures) — Seed, Series A
- Sky Ocean Ventures (https://capitalatlas.ai/funds/sky-ocean-ventures) — Seed
- Lupa Systems (https://capitalatlas.ai/funds/lupa-systems) — Seed, Series A
- Horizons Ventures — Series A
- Rosebrook Capital Partners — Series A
- Kibo Capital Partners (https://capitalatlas.ai/funds/kibo-capital-partners) — Series A
- Radicle Impact Partners (https://capitalatlas.ai/funds/radicle-impact-partners) — Series A
- Schmidt Family Foundation — Series A
- Trousdale Ventures (https://capitalatlas.ai/funds/trousdale-ventures) — Series A
- EIT Food iVZW — Series A
- Temasek Trust — Series A
- Ocean Born Foundation — Series A
- United Bankers Fund Management (https://capitalatlas.ai/funds/united-bankers-fund-management) — Series A
- Broadwater Capital (https://capitalatlas.ai/funds/broadwater-capital) — Series A