Eos Advisory
Assembly Line
Naturbeads raises £7.8M to combat microplastic pollution
Naturbeads, a Bath, UK-based startup commercialising sustainable and biodegradable cellulose ingredients, raised £7.8 million in Series A funding. St. Andrews-based Eos Advisory led the round alongside existing investor Progress Tech Transfer, and new investors CDP Venture Capital, which invested in Foreverland, through its Corporate Partners I Fund, PI-NB, and Paragon Capital Management in Singapore through its early-stage VC fund, Paragon Ventures I.
The funding will enable the company to significantly increase its production capacity to meet the growing demand for sustainable ingredients from multiple industries. The company is set to build its first production plant in Puglia, Italy.