# Plaxica

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

- Industry: Biopolymers
- Headquarters: London, UK
- Website: www.plaxica.com
- Total disclosed funding: $25M
- Latest round: Series C (Sep 6, 2013)
- Investors on record: 4

## About

Plaxica is a biotechnology company focused on developing innovative solutions for the conversion of renewable feedstocks into high-value chemicals. Their technology aims to provide sustainable alternatives in the chemical industry.Founded in 2008, Plaxica is headquartered in London, UK. The company specializes in the development of advanced chemical processes for converting renewable materials into useful chemicals. In September 2013, Plaxica successfully raised GBP 8 million in Series C funding, led by Touchstone Innovations and supported by Invesco Perpetual and NESTA Investments. This funding round valued the company at GBP 24.72 million post-money. The founder's history is not detailed in available sources.Plaxica focuses on creating sustainable chemical solutions from renewable feedstocks. Their primary products include bio-based chemicals that serve as alternatives to petroleum-derived substances, aiming to reduce environmental impact while meeting industry demands.Plaxica's revenue model is based on the commercialization of its innovative chemical processes, targeting partnerships with industries seeking sustainable alternatives. Their pricing structure reflects the value of their proprietary technology and the potential cost savings for clients transitioning to bio-based chemicals.In September 2013, Plaxica raised GBP 8 million in Series C funding, which will be utilized to advance their product development and expand operations. The company plans to launch new bio-based chemical products and is targeting entry into European and North American markets by 2015. The funding will support these initiatives, enabling further research and development, and enhancing their market presence.

## Funding rounds

- Series C, Sep 6, 2013, $13M — Invesco Perpetual, NESTA Investments, Touchstone Innovations
- Series B, Sep 27, 2011, $7.9M — Invesco Perpetual, NESTA Investments, Touchstone Innovations
- Series A, Aug 13, 2010, $4.7M — Carbon Trust, Touchstone Innovations

## Investors

- Carbon Trust (https://capitalatlas.ai/funds/carbon-trust) — Series A
- Touchstone Innovations (https://capitalatlas.ai/funds/touchstone-innovations) — Series A, Series B, Series C
- Invesco Perpetual — Series B, Series C
- NESTA Investments — Series B, Series C