Notpla
Assembly Line
Phillip Sarofim’s Trousdale Ventures Supports Notpla Series A+ Funding Round
Trousdale Ventures, a global venture capital firm founded and led by Phillip Sarofim, is pleased to announce its participation in the Series A+ funding round for Notpla, the London-based innovators behind a new generation of plastic-free packaging solutions. Notpla’s latest major fundraising round raised more than $25 million, doubling its initial target. This milestone marks a meaningful step forward in Notpla’s mission to replace single-use plastics with sustainable, seaweed-based alternatives, unlocking the potential to replace 100 million single-use plastics per year.
Sarofim and Trousdale Ventures were introduced to the Notpla team and their impact-driven work through their partnership with Lonely Whale, a nonprofit organization working to prevent plastic waste from ending up in the ocean through innovative, collaborative programs. Notpla was one of the winners of the recent TOM FORD Plastic Innovation Prize powered by Lonely Whale, of which Trousdale Ventures was the exclusive venture partner.
This capital injection is a significant vote of confidence in Notpla’s business model and growth strategy. The investment, supported by a diverse group of existing and new investors, including Trousdale Ventures, was led by United Bankers and will accelerate Notpla’s expansion into the North American market while fueling further innovation.