UK microplastic filtration company Matter, which develops ways to capture, harvest and recycle microplastics, has secured $10 million in Series A funding.
Adam Root, Founder and CEO of Matter, commented: “Matter’s vision is to live in a world without micropollutants. We knew from the start that as a small company intent on tackling this global problem, we’d need to work with partners who have the scale, vision, and resources to help us deliver our technology as quickly and effectively as possible.
“The combined support and expertise of our investors enables us to accelerate our work, moving beyond laundry into industrial-scale applications of our technology, and drive globally meaningful reductions in micropollutant emissions with confidence and speed.”
The funding round for the Bristol-based company was led by S2G Ventures, the direct investment team for Builders Vision, and SOUNDwaves, the sustainability-focused investment vehicle backed by Ashton Kutcher and Guy Oseary.
Matter’s vision is to live in a world without micropollutants.
Additional investment came from Leonardo DiCaprio-backed Consumer ClimateTech fund Regeneration.VC, and Katapult Ocean, which has made a significant follow-on investment, along with a small number of strategic investors.
Matter says the investment will help scale its microplastic filtration technology and accelerate its roadmap of “fully circular solutions” for commercial and industrial applications. It continues this will enable the company to capture microplastics that would otherwise end in sewage sludge to be used as fertiliser or incinerated.
Katherine Keating, Managing Partner at SOUNDwaves, said: “Matter’s microfiltration technology is class-leading and represents a crucial defence against the continuous flow of microplastic pollution from our homes, workplaces and built environments.
“Legislation is inevitable given the ecological and health impacts of microplastic pollution that are becoming better understood every day, and we are already working with Matter to realise the commercial relationships required to bring this impact to industrial scales, mitigating thousands of tonnes of plastic materials entering our environment every year from textile production and industrial wastewater processes.”