FlexSea, a London, UK-based sustainable-packaging company, raised £3m in seed equity funding and grants.
The round was led by Indico Capital Partners, with participation from RedRice Ventures, Btomorrow Ventures, Food Foundry, Vala Capital, ICON Capital, and Pente Capital.
The company intends to use the funds to expand operations and its business reach.
Led by Carlo Fedeli and Thibaut Monfort Micheo, FlexSEA is a sustainable-packaging company aiming to replace traditional petroleum plastic film with an innovative natural material derived from seaweed. Its transparent, resistant material is degradable in marine, soil and home-composting environments and is also edible.
FlexSea, a London, UK-based sustainable-packaging company, raised £3m in seed equity funding and grants. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.Shishir Gupta, The Founder & CEO of StartupLanes
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