Sparxell
Assembly Line
Sparxell Raises $3.2m to Advance Development of Sustainable Pigments
Sparxell, the UK-based developer of high-performance, sustainable, plant-based pigments, has completed a $3.2m funding round (comprising seed investments, grants, and awards) to accelerate development and commercialisation of products which will eliminate synthetic chemicals from colourants in multi-billion dollar markets including in cosmetics, fashion, paint, and packaging.
The Circular Innovation Fund, a global venture capital fund jointly managed by Demeter and Cycle Capital with L’Oréal as an anchor investor, participated in the seed funding alongside others including SpaceX-backer Futre Communities Capital, PDS Ventures, Katapult, Joyance Partners and SNØCAP VC.