£7.8m funding boost for tech to tackle microplastics

Quick Summary:

They have been detected in over 1,300 marine species, are embedded in the food chain, and have raised serious concerns about their impact on ecosystems and human health.

An estimated 2 million tonnes of microplastics are added each year to everyday products from cosmetics to detergents, adhesives, paints and many more.

St Andrews-based Eos Advisory led the round alongside existing investor Progress Tech Transfer, and new investors CDP Venture Capital through its Corporate Partners I Fund, PI-NB, and Paragon Capital Management in Singapore through its early-stage VC fund, Paragon Ventures I.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United KingdomItalySingapore

Topics: Investment EnviroTech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 09:00:28 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 23654139

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