Bristol microplastic innovator Matter raises $10m in Series A funding to scale filtration technology
The Series A round was co-led by S2G Ventures and SOUNDwaves to support commercial expansion and technology scaling.
≈ £7.9M at $1 = £0.7892 on 10 Aug 2023
Matter develops microplastic capture and recycling technology designed for domestic and industrial applications.
Matter, a British microplastic innovation company, has secured $10m in a Series A funding round to scale its filtration technology and expand into commercial and industrial applications. The investment was co-led by S2G Ventures and SOUNDwaves, alongside participation from Regeneration.VC and Katapult Ocean.
The fresh capital will enable the company to develop solutions that capture microplastics before they enter waterways, moving beyond domestic laundry systems into large-scale industrial use. Matter currently employs a team of 24 and plans to recruit more than 30 additional staff in Bristol following the raise.
From the founder
"The combined support and expertise of our investors enables us to accelerate our work, moving beyond laundry into industrial-scale applications of our technology, and drive globally meaningful reductions in micropollutant emissions with confidence and speed."
Adam Root
Founder and CEO at Matter
Investor perspective
"As established partners of Matter, we’ve been impressed by the relentless determination and speed at which they’ve been able to develop innovative solutions and demonstrate an instant impact on the industry. Continued investment in solutions like the ones Matter provides are critical, if not essential, to ensuring the long-term health of our oceans, and subsequently, the overall health of our planet."
Kate Danaher
Managing Director, S2G Ventures
Use of funds
- 01Grow the team
- 02Expand into international markets
