Kelpi secures seed funding for kelp-based bioplastic

In the UK, Kelpi, a materials innovator based in our Old Market incubator, has secured £3 million to take the plastic out of packaging with its recyclable, compostable and marine-safe materials.

This funding will allow the growing team to conduct manufacturing pilots for Kelpi’s seaweed-based coatings for paper and card – bringing its sustainable packaging a step closer to our supermarket shelves. 

Kelpi’s seed round was led by Science Creates Ventures and Green Angel Syndicate, with further funding from One Planet Capital, and follow-on investment from Bristol Private Equity Club (BPEC), together with private angel investors. The round includes £665,000 of grant funding from Innovate UK’s Combined Investor Partnership.