The financing round was co-led by Clean Growth Fund and AP Ventures to support facility expansion in Wales.
"We are thrilled to have received backing from both our existing and incoming investors. This oversubscribed round sends a strong signal that UK investors are serious about decarbonisation. We are particularly glad this investment will support the growth of green industries in Wales,"
Winfred reads them overnight, pulls out the facts, checks them against Companies House and files them. It was built by C8VA, who do the same kind of work for other businesses: turning messy, unstructured material into something you can search, count and rely on.
The British Design Fund provided £230k toward a wider £400k raise to advance manufacturing and overseas expansion.
"The moment that changed everything for me was standing in a salmon processing plant and seeing thousands of single‑use EPS boxes piled up, destined for landfill or worse. It was truly shocking. I’d spent years in the seafood industry but witnessing that scale of waste in one place made the environmental cost impossible to ignore. I knew then that something had to change, and that experience has driven me ever since to prove that we can replace EPS with sustainable materials that protect both the product and the planet."
— John Farley, Founder and Chief Executive Officer
The funding round was backed by the British Business Bank via The FSE Group to support international expansion and team growth.
"We’ve developed a solution that not only helps healthcare providers reduce their environmental impact but, importantly, our innovative technology has the potential to significantly increase the safety of clinical staff by reducing work-based exposure to the vented gas. We’re delighted to be working with The FSE Group and the South West Investment Fund as we continue to scale the business from our Devon headquarters."
The funding round was led by PT1 Ventures to support product development and European expansion.
"I wanted to invest in energy tech companies shaping the future, but after three years I realised no one was building what I wanted, and I thought I’d find someone doing it. That was the genesis for me leaving,"
Oxford Innovation Finance and angel investors backed the spinout to fund sea trials and prepare for commercial deployment.
"This investment from Oxford Innovation Finance will assit us in validating our technology at full scale, demonstrating that predictable tidal energy can be generated cost-effectively in a much wider range of locations than previously possible, and move us closer to bringing reliable, renewable baseload power to market. Their experience in supporting ambitious deep technology businesses, together with the expertise of their angel investor community, will be invaluable as we continue to scale."