Circular Innovation Fund

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Sparxell Raises $3.2m to Advance Development of Sustainable Pigments

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sparxell, Circular Innovation Fund, University of Cambridge

Sparxell, the UK-based developer of high-performance, sustainable, plant-based pigments, has completed a $3.2m funding round (comprising seed investments, grants, and awards) to accelerate development and commercialisation of products which will eliminate synthetic chemicals from colourants in multi-billion dollar markets including in cosmetics, fashion, paint, and packaging.

The Circular Innovation Fund, a global venture capital fund jointly managed by Demeter and Cycle Capital with L’Oréal as an anchor investor, participated in the seed funding alongside others including SpaceX-backer Futre Communities Capital, PDS Ventures, Katapult, Joyance Partners and SNØCAP VC.

Read more at Business Wire

watttron raises €12M to expand its sustainable packaging solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: watttron, Circular Innovation Fund

Germany-based watttron, a company that claims to be a leader in digital temperature control systems, announced that it has secured €12M in a Series B round of funding. With this funding, watttron aims to transform sustainable packaging solutions and broaden its presence in American and Asian markets.

The investment was led by the Circular Innovation Fund (CIF) and the European Circular Bioeconomy Fund (ECBF), signalling a global push for sustainable innovation in packaging. Long-term partners TGFS Technologiegründerfonds Sachsen, Constancia New Business (CNB), SKion GmbH, and BA Mr. Rico Kleinhempel, along with new investors, are also supporting watttron in its mission to advance sustainability in the packaging industry.

Read more at Silicon Canals