Overview
London-based biomaterials startup Shellworks has raised $15 million in a Series A round led by Paris impact fund Alter Equity, with participation from Nat Friedman (NFDG), JamJar, and existing investors. Shellworks develops Vivomer, a bio-based material that offers a sustainable alternative to conventional plastics, matching the cost of traditional materials like aluminum and glass. The funding will support expansion into the US and EU, targeting the wellness sector and promoting regional production to reduce carbon footprints.
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Investors: Alter Equity, Nat Friedman, JamJar
London-based biomaterials startup Shellworks has raised $15 million in a Series A round led by Paris impact fund Alter Equity, with participation from Nat Friedman (NFDG), JamJar, and existing investors. Shellworks develops Vivomer, a bio-based material that offers a sustainable alternative to conventional plastics, matching the cost of traditional materials like aluminum and glass. The funding will support expansion into the US and EU, targeting the wellness sector and promoting regional production to reduce carbon footprints.