Kelpi: Raises £3M in Seed Funding

Kelpi Raises £3M in Seed Funding

• Kelpi, a Bath, UK-based sustainable materials innovation company, raised £3M in Seed funding
• The round was led by Science Creates Ventures and Green Angel Syndicate, with funding from One Planet Capital and follow-on investment from Bristol Private Equity Club (BPEC), together with private angel investors
• The round includes £665K of grant funding from Innovate UK’s Combined Investor Partnership
• The company intends to use the funds to Kel pi will use the funds to conduct manufacturing pilots for their proprietary coatings for paper and card
• The company is a sustainable materials innovation business – harnessing the properties of seaweed to create compostable, marine-safe, low-carbon bioplastic packaging