Portfolio
2
companies
Nanomox
Nanomox develops sustainable processes for inorganic materials using ionic solvents.
Sparxell
Sparxell develops plant-based, biodegradable colourants to eliminate synthetic chemicals from industrial products.
Shrina Kurani
GP
Shrina brings engineering and climate investment experience from roles at SNØCAP, IBank California, and Republic.
LinkedInThe funding round was co-led by TSP Ventures and Boast Trading to help establish the company's first commercial pilot plant.
"Our unique ionic liquid platform can create nanoparticles tuned for high performance in high-value applications. With the same platform, we can recover valuable raw materials from waste sources and mineral ores,"
The round drew participation from investors including Circular Innovation Fund, Katapult, and Joyance Partners to accelerate commercialisation.
"The global movement towards plant-based alternatives has experienced exceptional growth in recent years with a reshaping of entire industries such as meat and dairy. The same opportunity exists within colourants, driven by a common interest of consumers, brands and regulators to transition to fully sustainable, biodegradable, circular products. Most brands are committed to eliminating synthetic chemicals from manufacturing processes altogether. Our plant-based materials can be grown and sourced locally in a complete rethink of how colours are currently being manufactured while reducing transport emissions. The industrial applications for Sparxell’s products are broad, from cosmetics and textiles to paints and packaging"