Naturbeads raises £7.8m in Series A funding led by Eos Advisory to build its first production plant.
The Bath-based sustainable ingredients developer secured backing from Eos Advisory, Progress Tech Transfer, CDP Venture Capital, and Paragon Capital Management.
Share allotment filed at Companies House
A Bath University spinout that manufactures biodegradable cellulose microspheres to replace harmful microplastics in various industrial applications.
Naturbeads has secured £7.8m in Series A financing to scale up its production capacity and construct its inaugural manufacturing facility in Italy. Eos Advisory spearheaded the investment syndicate, which included participation from Progress Tech Transfer, CDP Venture Capital, and Paragon Capital Management.
The Bath-based enterprise has developed proprietary cellulose microsphere technology designed to substitute plastic microbeads across cosmetics, paints, and packaging. With impending European regulations targeting microplastics, the company intends to meet rising commercial demand and hit upcoming milestones.
Investor perspective
"Giovanna and her team are tackling one of the most urgent environmental challenges of our time, and we look forward to supporting Naturbeads through its next, exciting phase of commercialisation."
Andrew Durkie
Partner, Eos Advisory
Use of funds
- 01Build out infrastructure
Investors
Andrew Durkie
Eos Advisory
Alberto Calvo
Progress Tech Transfer
Agostino Scornajenchi
CDP Venture Capital
Paragon
Categories
About the company
Naturbeads
Naturbeads produces biodegradable plant-based microspheres to replace microplastics across manufacturing sectors.