The London-based sustainable toothbrush developer has raised funding to scale its team and retail presence.
"We’re delighted to have the backing from Hambro Perks and JamJar Investments. Their unique expertise and support will enable SURI’s growth to progress from a high potential alternative on the market to a modern industry disruptor, which we feel is sorely lacking in the oral care space"
The funding round was led by abrdn and will support platform development and international expansion.
"We are the pre-eminent platform business using next-generation graph technology and network science to drive the Bioeconomy. We are seeking to support our enterprise customers as they strive to achieve more sustainable and impact-orientated innovation outcomes. The current scale-up funding will enable us to accelerate the Bioeconomy through the digital reinvention of science."
YFM Equity Partners provided the majority of the £3.4m capital injection alongside contributions from management and chairman Richard Law.
"Vypr is addressing the nascent market for real time insights and intelligence that businesses need to enable them to make the right and most profitable decisions about what new products and propositions to develop and when to launch them. It is building both a strong market position and brand and has recruited an enviable group of household name clients that now base their decisions on Vypr Insights."
The crowdfunding campaign was backed by over 280 investors and featured lead participation from University of East Anglia Enterprise Fund and Capital Pilot Boost Fund.
"It’s time to shake things up. We know people want to buy from better places, but right now it’s too hard. After working for Greenpeace for the better half of a decade as a speaker and fundraiser, people kept telling me: ‘I want to buy more sustainably but I don’t know where to go.’"
The funding will be used to grow the company partner network and increase click and collect locations.
"Many companies disregard the cost of printing because their contracts are too complex and difficult to understand, and they don’t realise how much money they’re leaving on the table. We want the printing process to be transparent and predictable, which is why we founded Printt, and which is what this fundraise will help us achieve on an even greater scale."