# Shellworks Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shellworks-group

- Industry: Packaging
- Headquarters: London, UK
- Website: www.shellworks.com
- Total disclosed funding: $21M
- Latest round: Series A (Mar 4, 2026)
- Investors on record: 10

## About

Based in London, UK, and founded in 2019 by CEO Insiya Jafferjee, and CPO Amir Afshar, Shellworks Group Ltd is a developer of plastic-free packaging made from up-cycled waste, such as base polymers, dyes, inks, and seals, to provide an alternative to plastic. In March 2026, Shellworks Group Ltd raised USD 15 million in series A funding led by new investor Alter Equity, with participation from other new investors NFDG Ventures, JamJar Investments, and Third Sphere. Returning investors Founder Collective and LocalGlobe also participated in the round.

The company’s product line includes lippy, a home-compostable lipstick packaging solution; spready, compostable cream containers along with customizable spatula; tubby, a compostable multi-purpose bottle; and droppy, a home-compostable dropper mechanism.

## Funding rounds

- Series A, Mar 4, 2026, $15M — Founder Collective, JamJar Investments, Alter Equity, Third Sphere, LocalGlobe, NFDG Ventures
- Seed, May 25, 2022, $6.2M — Divergent Capital Partners, Founder Collective, Version One Ventures, BoxGroup, True, LocalGlobe

## Investors

- Divergent Capital Partners (https://capitalatlas.ai/funds/divergent-capital-partners) — Seed
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- True (https://capitalatlas.ai/funds/true) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- JamJar Investments (https://capitalatlas.ai/funds/jamjar-investments) — Series A
- Alter Equity (https://capitalatlas.ai/funds/alter-equity) — Series A
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Series A
- NFDG Ventures (https://capitalatlas.ai/funds/nfdg-ventures) — Series A