British Design Fund backs the Bristol-based technology start-up as it expands its microplastic capture solutions.
"When I decided to try and come up with a way to tackle the microplastic problem, I didn’t have a lot of money. I’d left my job and we were living with my wife’s parents."
Hambro Perks led the seed investment, which will fund team expansion and market growth.
"At the UN’s COP26 summit, world leaders, CEOs and celebrities will announce promises to address the climate crisis. But how hollow are these promises? Corporates, investors and governments are accused of greenwashing and will likely fall short of their commitments. A large part of this is due to a lack of accurate, validated and transparent data."
Visionaries Club led the seed round with backing from Lowercarbon Capital, Breyer Capital, and Zinal Growth.
"Currently, no easy and scalable way exists for companies of any size to understand and remove their emissions. Traditional carbon measurement and offsetting solutions are costly and difficult to implement and so only accessible to a restricted group of larger companies. We started Pledge to enable any company to launch high quality and verified climate products in the easiest and fastest way possible. Our mission is to raise climate awareness and empower businesses to accelerate their net zero transition, becoming a positive contributor to the current crisis."
The financing round was led by Seraphim Space Investment Trust and will fund the deployment of seven infrared imaging satellites.
"With COP 26 just around the corner and Europe and parts of the USA having suffered the hottest summer on record, there is growing acceptance that we need to act now to try to mitigate the impacts of climate change on our everyday lives and economy. But while many think of industries such as aviation as some of the least sustainable, the built environment is actually one of the primary polluters across our globe. But regular individual monitoring of these buildings is too expensive both in terms of time and cost, meaning much of the environmental and sustainable ratings are often years out of date. That’s simply not good enough when we clearly need to act now and means many are not aware of just how poorly a building is performing in terms of sustainably."
The seed round was led by Promus Ventures with participation from existing investors including Playfair Capital and MMC Ventures.
"Waste is not recycled when the cost of recycling exceeds the value of the sorted material. By lowering the cost of recycling with artificial intelligence and robotics, we’re breaking this threshold and building a world where our removal chains are fully integrated back into our supply chains"