The London startup has raised £150k from the British Design Fund to support the commercial launch of its PluumoPlus thermal packaging.
"The investment from the British Design Fund is going to be instrumental in our ability to manufacture our first units of PluumoPlus and get them into the hands of our existing waiting list, which includes some of the largest pharmaceutical and life science logistics companies in the world. The next 12 months will see us focused on optimising production and further product development, based on client demand"
CPI Enterprises backs the bioplastics firm following Northern Gritstone's previous Series A backing.
"Floreon's ambitious goal to change the landscape of the plastics industry by producing high quality plastics using sustainable materials certainly caught our eye. The problem they are trying to solve is one we must address if we are to reach net zero and shift the dial on climate change."
The Seed round was led by Adjuvo with participation from Haatch Ventures, Unbundled VC, and multiple angel investors.
"Until now, receipts have represented nothing but waste and a wasted opportunity. We’re transforming the humble receipt from its static, destined-for-landfill status into a data-rich source of customer insight. The response we’ve seen from our early adopter retail partners says it all: our software drives engagement and unlocks valuable customer data. We’ve seen huge spikes in everything from email sign-ups to app downloads for the brands using our software. This investment will enable us to work with more retailers, make our products even more impactful, and prevent billions of receipts from heading to landfill."
Zouk Capital led the investment round to accelerate the rollout of charging points across apartment buildings.
"With our fully managed and funded approach, we make the process as straightforward as possible. We remove any of the stress associated with an initial capital outlay or the ongoing management and maintenance of the charge points, while also creating a customer-centric proposition that will help landlords build long-term relationships with their residents."
A syndicate of 13 banks and financial institutions backed the £410m debt financing round.
"This milestone is not just a win for Zenobē but marks a significant leap forward in the movement towards a clean, low-carbon transportation sector in the UK."
