Cellexcel's Breakthrough Biomaterial Technology Secures Funding Boost
March 17, 2024, 2:21 pm
Location: United Kingdom, England, Norwich
Employees: 1-10
Founded date: 2021
Total raised: $320.18K
Cellexcel, a UK-based biomaterial technology startup, has raised over £250K in funding to accelerate the commercialization of its innovative carbon emission-reducing technology. Backed by key investors and angel funders, Cellexcel aims to revolutionize the use of biomaterials in various industries.
Cellexcel, a Norwich-based biomaterial technology startup, has secured a significant funding boost of over £250K to propel the development and commercialization of its groundbreaking technology. With support from key investors like College Green Ventures, New Anglia Capital, Low Carbon Innovation Fund, and Turquoise, alongside angel investors from Anglia Capital Group, Cellexcel is poised to make a lasting impact on the sustainability landscape.
Led by Tim Pryce, Executive Chair, Cellexcel has developed Cellexcellent™, a patented technology that enhances the water resistance of biomaterials. This innovation allows for the integration of biocomposites in external applications, such as automotive and aerospace panels, reducing carbon emissions without compromising strength or performance. By replacing traditional materials with Cellexcellent™, companies can achieve a significant reduction in manufacturing CO2 emissions, contributing to a more sustainable future.
Tim Pryce expressed his excitement about the funding round, stating, "Achieving a successful first funding round demonstrates the strength of our approach and the enormous opportunity to reduce emissions by enabling the wider usage of biomaterials." With a focus on engaging industry partners in key sectors like automotive, packaging, and construction, Cellexcel is poised to address pressing market needs for sustainable materials that deliver high performance.
College Green Ventures, an early-stage venture firm dedicated to environmental innovation, sees Cellexcel's technology as a crucial solution for decarbonization. Oisin Lappin, Managing Director at College Green Ventures, highlighted the company's scientific strengths and management team's track record in commercializing innovation, emphasizing the potential impact of Cellexcellent™ in various market applications.
The Low Carbon Innovation Fund 2 (LCIF2) and Turquoise, a UK merchant bank specializing in energy and environment, also recognized the value of Cellexcel's technology in lowering the carbon footprint of vehicle and building exteriors. Kevin Murphy, director of Turquoise, praised Cellexcel's innovative solution for increasing the water resistance of biocomposite materials, positioning them as a leader in sustainable material development.
Anglia Capital Group (ACG) and New Anglia Capital, angel investment networks supporting innovative startups, were impressed by Cellexcel's unique approach to biomaterial modification. Hannah Smith, Managing Director at ACG, commended Cellexcel's scientific credentials and strong growth plans, underscoring the company's potential for success in the market.
Cellexcel's mission to increase the adoption of biomaterials and enhance sustainability through innovative technology is gaining momentum with the recent funding round. By leveraging Cellexcellent™ to revolutionize the use of biocomposites in various industries, Cellexcel is paving the way for a greener, more sustainable future.
For more information on Cellexcel and their groundbreaking biomaterial technology, visit their website or LinkedIn page. Stay tuned for updates on their journey towards commercial success and environmental impact.
Cellexcel, a Norwich-based biomaterial technology startup, has secured a significant funding boost of over £250K to propel the development and commercialization of its groundbreaking technology. With support from key investors like College Green Ventures, New Anglia Capital, Low Carbon Innovation Fund, and Turquoise, alongside angel investors from Anglia Capital Group, Cellexcel is poised to make a lasting impact on the sustainability landscape.
Led by Tim Pryce, Executive Chair, Cellexcel has developed Cellexcellent™, a patented technology that enhances the water resistance of biomaterials. This innovation allows for the integration of biocomposites in external applications, such as automotive and aerospace panels, reducing carbon emissions without compromising strength or performance. By replacing traditional materials with Cellexcellent™, companies can achieve a significant reduction in manufacturing CO2 emissions, contributing to a more sustainable future.
Tim Pryce expressed his excitement about the funding round, stating, "Achieving a successful first funding round demonstrates the strength of our approach and the enormous opportunity to reduce emissions by enabling the wider usage of biomaterials." With a focus on engaging industry partners in key sectors like automotive, packaging, and construction, Cellexcel is poised to address pressing market needs for sustainable materials that deliver high performance.
College Green Ventures, an early-stage venture firm dedicated to environmental innovation, sees Cellexcel's technology as a crucial solution for decarbonization. Oisin Lappin, Managing Director at College Green Ventures, highlighted the company's scientific strengths and management team's track record in commercializing innovation, emphasizing the potential impact of Cellexcellent™ in various market applications.
The Low Carbon Innovation Fund 2 (LCIF2) and Turquoise, a UK merchant bank specializing in energy and environment, also recognized the value of Cellexcel's technology in lowering the carbon footprint of vehicle and building exteriors. Kevin Murphy, director of Turquoise, praised Cellexcel's innovative solution for increasing the water resistance of biocomposite materials, positioning them as a leader in sustainable material development.
Anglia Capital Group (ACG) and New Anglia Capital, angel investment networks supporting innovative startups, were impressed by Cellexcel's unique approach to biomaterial modification. Hannah Smith, Managing Director at ACG, commended Cellexcel's scientific credentials and strong growth plans, underscoring the company's potential for success in the market.
Cellexcel's mission to increase the adoption of biomaterials and enhance sustainability through innovative technology is gaining momentum with the recent funding round. By leveraging Cellexcellent™ to revolutionize the use of biocomposites in various industries, Cellexcel is paving the way for a greener, more sustainable future.
For more information on Cellexcel and their groundbreaking biomaterial technology, visit their website or LinkedIn page. Stay tuned for updates on their journey towards commercial success and environmental impact.