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Shellworks Raises £5M For Compostable Plastic-Free Packaging

May 25, 2022over 3 years ago

Amount Raised

£5 Million

London

Description

London-based biotech company Shellworks has raised $6.2m (£5m) in seed funding to scale its plastic-free and compostable packaging technology.

Company Information

Company

Shellworks

Location

London, Ontario, Canada

About

Founded in 2019, the startup is aiming to ramp up the commercial side of its compostable vegan packaging business by initially targeting the beauty industry, which produces more than 120 billion units of packaging per year. Shellworks first developed compostable ‘plastic’ using polymers taken from shellfish waste, before switching to a “microbially-derived material” in 2020.