Kelpi has developed a seaweed-derived coating that can be applied to paper and card to replace plastic packaging. The material is compostable, can be recycled at home or industrially, and the company says it will fully biodegrade in months if washed out to sea. Kelpi plans to use the new funding to recruit scientists, engineers and commercial staff and to run large-scale pilots of the lab-developed material. The company intends to scale up production, complete regulatory approvals and bring the product to market by mid-2025. Kelpi has established partnerships with brands including L’Oréal, Diageo, Waitrose and Blue Skies. Founded in Bath and now based in Bristol, the business raised capital to fund commercialization and scaling efforts. Kelpi develops proprietary coatings for paper and card using seaweed-derived materials to produce compostable, marine-safe, low-carbon bioplastic packaging. The company is led by CEO and co-founder Neil Morris and Chief Scientific Officer Dr Stefanie Federle. Kelpi is already working with global leaders in food & drink and cosmetics. It raised £3M in Seed funding, which includes £665K of grant funding from Innovate UK’s Combined Investor Partnership. The company intends to use the funds to conduct manufacturing pilots for its coatings. Kelpi is based in Bath, UK.

Total raised

$10M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2024