Universal Plastic is a Spanish climate tech company that quantifies, audits and records data from plastic waste collections using AI and blockchain. The company has entered a strategic partnership with blockchain and web3 IP library nChain, which invested €2 million and acquired a 20% equity stake. As part of the deal Universal Plastic receives licensing of nChain’s intellectual property portfolio. The funding and IP licensing aim to support the company’s mission to restore marine ecosystems, empower local communities, and catalyse corporate environmental responsibility. nChain’s CEO framed the collaboration as a way to enable transparent and trustworthy avenues for companies to honor environmental commitments. Universal Plastic’s CEO described the partnership as a momentous leap toward the company’s threefold vision and the application of disruptive Web3 technology to its mission.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2023