What is Notpla?
Notpla is a London-based material science startup that leverages seaweed and plant-based extracts to create biodegradable alternatives to traditional plastic packaging. The company's flagship product, Ooho, provides a flexible, edible, and naturally degradable solution for liquids, effectively replacing conventional sachets. Beyond its initial success in the beverage and condiment markets, Notpla is actively diversifying its product portfolio to include films and boxes, targeting the broader food-to-go and takeaway industries. By addressing the critical environmental challenge of plastic pollution, Notpla has established itself as a key player in the circular economy, offering scalable solutions that align with global sustainability mandates.
How much funding has Notpla raised?
Notpla has raised a total of $39.5M across 2 funding rounds:
Series A
$13.3M
Other Financing Round
$26.2M
Series A (2021): $13.3M with participation from Li Ka Shing
Other Financing Round (2024): $26.2M led by Astanor Ventures, Radicle Impact, Ub Figg, Broadwater Capital, Horizons Ventures, The Schmidt Family Foundation, Kibo Investment Advisors, Trousdale Ventures, Catalytic Capital, and Ocean Born Foundation
Key Investors in Notpla
Astanor Ventures
Astanor Ventures is a dedicated agrifood impact investor that supports visionary founders across the entire value chain, from soil to sea, to foster a more sustainable and equitable food system.
Radicle Impact
Radicle Impact is an impact-focused venture fund that prioritizes environmental resilience and systems change, investing in early-stage companies capable of driving significant ecological and social progress.
Ub Figg
UB FIGG is a specialized private equity fund that targets growth-stage companies in the bio-based materials sector, providing essential capital to mitigate climate change through renewable packaging solutions.
What's next for Notpla?
The recent infusion of capital marks a pivotal transition for Notpla as it moves from early-stage development to large-scale industrial deployment. The company is expected to utilize these funds to optimize its manufacturing processes and increase production capacity to meet rising demand from enterprise-level partners. By focusing on the commercialization of its seaweed-based films and boxes, Notpla aims to displace significant volumes of synthetic plastic waste. Future strategic initiatives will likely involve deepening its supply chain resilience and exploring new applications for its bio-based materials, further cementing its role as a leader in the transition toward a plastic-free future.
See full Notpla company page
