The pre-seed round was backed by the British Design Fund and Techstars to support product development and new service launches.
"As a team, we were sceptical as to why others hadn’t already thought of such a simple solution to the boxes’ outdated design – something that had not changed in over two decades. Coupled with this, we found their production involves carbon-heavy manufacturing and the use of virgin PP plastics, large raw material supply chains, and synthetic dyes."
Fontinalis Partners led the pre-seed round, which included participation from Fuel Ventures and InMotion Ventures.
"This round of capital, and importantly the investors behind it, serves both as early validation to the global scale of our vision and provides the firepower to execute upon our ambitions."
The pre seed round was structured by South Pole, QVentures and Portfolion to prepare for a European rollout.
"We are excited to get started and solve a pressing issue around greenwashing and questions that a lot of the corporate sector are asking right now: where do my certificates come from? will they count towards my sustainability targets? are they impactful? can they be matched to my exact consumption? This is why Renewabl was born."