UB Forest Industry Green Growth Fund led the round to support manufacturing scale and North American expansion.
"We are thrilled to have secured this level of investment in such a competitive environment. This round not only validates our approach but also positions us to capitalise on the growing demand for truly plastic-free packaging solutions in global markets, especially as we develop our material’s possibilities."
The record seed round was co-led by SpaceFund, Type One, and World Fund.
"Over the last three years we have taken our return technology from paper designs to real hardware. This support from our investors will supercharge our development plans to lead the way in making space work for humanity."