CIECH Ventures
Assembly Line
Xampla raises US$17.6 from cleantech investors to drive down bio-based coatings costs
Xampla has raised a total of US$17.6 million in funding to advance the production of its plant-based materials, following a recent financing round including new investors, including clean tech backers CIECH Ventures, part of an international developing chemical group employing over 3,000 people.
The money will be strategically allocated to expanding the applications of Xampla’s consumer brand, Morro, into new markets. Developed by 15 years of research at the University of Cambridge, UK, Morro materials are fully biodegradable, home compostable and food safe, offering high strength, grease and oxygen barrier properties.