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."
Momenta led the Series A round to support the company in expanding its customer base and exploring new industrial applications.
"We chose to invest in Luffy because of their team’s deep expertise in industrial control and AI. Their solution aligns with our investment focus on adaptive industrial systems capable of learning and adjusting to dynamic environments, from automation to autonomy,"
The investment was provided by Oxford Innovation Finance and the OION Angel Network.
"Hexigone’s innovative inhibitors can help protect metal assets for longer and provide the coatings industry with safe, cost-effective alternatives to heavy metals, phosphates, and other toxic chemicals. As the industry begins to recognise the unique approach of our anticorrosion technology, this new investment enables us to effectively utilise our market position and continue our work with leading specialty chemical distributors globally."
British Design Fund backs Water Kinetics to scale its eco-friendly plumbing technology.
"We’re delighted to have secured this investment from British Design Fund, which will help us expand our reach, introduce new machinery and aid further product development."
— Jonathan Waggott, Co-founder and managing director