Bristol-based green technology startup Matter has completed a pre-Series A investment round, securing $500,000 (£368,000) in funding to tackle the huge environmental problem of microplastic pollution in oceans.
The funding came from Builders Vision’s Rising Tide Fund. It is now planning to launch Series A round to scale its solutions for capturing, harvesting and recycling microplastics.
The company previously received £150,000 investment from the British Design Fund and participated in the Elemental Excelerator programme for climate technologies.
Founded in 2017 as Inheriting Earth by CEO Adam Root, Matter has created a retrofit filter solution for domestic washing machines to help prevent microplastics from clothing entering the water system.
Root said: “Through their investments, Builders Vision aims to drive positive change and show that the most successful businesses are purpose-driven. This is intrinsically aligned to what we have set out to achieve with Matter.”
Peter Bryant, a senior programme officer at Builders Initiative, the impact investing and philanthropic platform of Builders Vision, added: “Investing in Matter perfectly aligns with our Oceans strategy to protect our ecosystems. It offers a critical and scalable solution addressing microplastics, which is increasingly being recognised as a serious threat to marine life and ocean ecosystems.”
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