Seaweed-based packaging startup Notpla announces it has completed a Series A+ round, securing £20 million (over $25 million) in equity fundraising, exceeding the company’s initial target.
The new funds will be used to scale up manufacturing capabilities, broaden its plastic-free product range, and firmly establish a foothold in North American markets by driving a US expansion.
“Notpla’s innovative approach to sustainable packaging […] represents a groundbreaking shift away from traditional single-use plastics”
The UB Forest Industry Green Growth Fund (UB FIGG) led the funding round. Key investors included Catalytic Capital for Climate & Health (C3H), Horizons Ventures and Astanor Ventures. New participants, including the Schmidt Family Foundation, Radicle Impact, EIT Food’s AgriFoodInvest, Broadwater Cap, Kibo Invest, Rosebrook, Trousdale Ventures, and Ocean Born Foundation, also backed Notpla’s expansion.
David Walker, UB FIGG’s senior partner, said, “Notpla’s innovative approach to sustainable packaging, particularly its use of seaweed as a renewable resource, represents a groundbreaking shift away from traditional single-use plastics.”

100 million single-use plastics
Notpla claims that it has eliminated 16 million single-use plastics since its establishment in 2014 and expects to dramatically increase this volume to over 100 million units annually within the next two years.
The company’s plastic-free and home-compostable materials are currently used in 10 European markets. Major European corporations such as Compass Group, Decathlon, and Just Eat Takeaway have adopted their solutions. Prominent venues like Aston Villa FC, The O2 Arena, Allianz Stadium, Tottenham Hotspurs, and the vegan detergent company MACK also use the company’s packaging to replace single-use plastics.
As reported by The Guardian, around 11 million tons of plastic end up in the ocean each year, and plastic waste pollution is likely to triple by 2040 as the plastic production industry doubles in capacity. In the face of such a devasting pollution problem, countries are considering, for the first time, restrictions on the global production of plastic to reduce it by 40% in the next 15 years.

The potential of sustainable materials
Rodrigo Garcia Gonzalez and Pierre Paslier co-founded Notpla in London, UK, to utilize seaweed and other renewable resources to develop scalable, truly sustainable packaging solutions for a healthier planet.
Notpla’s materials meet the stringent criteria set by the Single-Use Plastic Directive (SUPD) for being natural polymers derived from seaweed and not being chemically modified. In 2023, the Dutch government recognized Notpla’s food packaging coating as the only plastic-free solution under SUPD. In addition, the company won the Earthshot Prize in 2022.
“We are thrilled to have secured this level of investment in such a competitive environment”
Gonzalez shared, “We are thrilled to have secured this level of investment in such a competitive environment. This round not only validates our approach but also positions us to capitalize on the growing demand for truly plastic-free packaging solutions in global markets, especially as we look towards expansion into the US.”
Paslier commented, “Our investors recognize the commercial potential of our technology and our unique solutions. This funding allows us to accelerate our growth and continue leading the market in sustainable innovation.”