Matter, a Bristol, England, UK-based microplastic technology and innovation company pioneering solutions for capturing, harvesting and recycling microplastics, raised $10m in Series A funding.
The round was led by S2G Ventures, the direct investment team for Builders Vision, and SOUNDWaves, the sustainability-focused investment vehicle backed by Ashton Kutcher and Guy Oseary. Kate Danaher of S2G Ventures and Katherine Keating of SOUNDWaves will both join Matter’s expanded Board of Directors. Additional investment came from Leonardo Dicaprio backed Consumer ClimateTech fund Regeneration.VC, and Katapult Ocean, which has made a significant follow-on investment via its new Deep Blue Fund.
The company intends to use the funds to scale its microplastic filtration technology and accelerate its roadmap of solutions for commercial and industrial applications.
Led by Adam Root, founder and CEO, Matter is advancing technology solutions for capturing, harvesting, and recycling microplastics. Founded in 2018, the company is focused on the creation of solutions to address the major sources of microplastic pollution in wastewater, including the entire textile lifecycle, and supporting education and legislation to drive global impact.
Matter is working with domestic and commercial laundry appliance manufacturers to integrate its technology into their products ahead of incoming French legislation requiring new domestic and commercial washing machines to be fitted with microfibre filters by January 2025. The company is also partnering with textile brands and manufacturers to help them understand and prevent pollution from microfibre fragmentation in the textile manufacturing process.
FinSMEs
09/08/2023