Kelli raised funds to bring to the market its seaweed coating that can replace plastic

© Kelpi


Kelpi Secures £4.3M in Oversubscribed Round to Replace Plastic with Seaweed Coating in Food & Cosmetics Packaging

Bristol-based sustainable packaging innovator Kelpi has secured £4.3 million in investment to scale and commercialize its seaweed-based packaging, which can replace single-use fossil fuel plastics in packaging for food, drinks, and personal care products. The round was led by Blackfinch Ventures, with participation from Green Angel Ventures, Kadmos Partners, QantX, Evenlode Foundation, and the South West Investment Fund. Follow-on investors, including Bristol Private Equity Club (BPEC), One Planet Capital, and private angel investors, backed the material innovator in this round. The company initially sought £3 million and surpassed that target by raising £4.3 million, marking a significant milestone for Kelpi. The funds will be used to advance manufacturing and gain regulatory approval for the bio-based coatings. Additionally, the company will continue its commercial rollout, having …