Notpla’s business is well aligned with Temasek Trust’s impact focus areas
Notpla has announced a significant milestone that will drive its mission forward: the successful closure of its Series A+ funding round, securing an unprecedented £20 million (over $25 million) in equity fundraising to propel the company into a new era of plastic-free materials and a healthier planet.
This substantial investment, which more than doubled the initial target, comes at a crucial time. Notpla’s innovative approach to sustainable packaging has garnered significant support from a diverse group of investors who share the vision for a plastic-free future. The round was led by UB Forest Industry Green Growth Fund, with participation from both new and existing investors, including Catalytic Capital for Climate & Health (C3H), an impact-first vehicle by Temasek Trust.
Ryan Tan, Director at C3H, expressed their enthusiasm for Notpla’s work and their partnership, stating, “Notpla’s business is well aligned with Temasek Trust’s impact focus areas. We believe that Notpla’s strong customer traction and product innovation position them well for further business expansion, allowing them to realise even more impact and reduce the environmental harm caused by single-use plastics.”