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The Circular Plastics Accelerator functions as an investment vehicle and program, supporting early-stage companies developing innovative solutions for plastics circularity. It provides essential capital and business support, enabling startups to commercialize proprietary technologies. The accelerator emphasizes smart tech and AI-driven approaches, enhancing recycling, reuse, and plastic waste reduction.
Established in 2023, the Accelerator was formed by WRAP (Waste and Resources Action Programme) and Archipelago Ventures. This initiative arose from the critical need to channel investment into impactful innovation within the plastics sector, informed by the UK Plastics Pact. The partnership addresses funding gaps for scalable plastic pollution solutions.
The Accelerator supports promising early-stage companies pioneering new methods for plastic recycling, reuse, and waste reduction. Its vision is to eliminate plastic pollution by accelerating widespread adoption of circular practices across industry. Through strategic investments and expert guidance, it fosters a sustainable future where plastics remain a valuable, continuously cycled resource.
Circular Plastics Accelerator has 2 tracked investments across 2 companies. The latest tracked deal is $2.0M Seed in Sorted in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2024 | Sorted | $2.0M Seed | PI Labs | Fifty Years, Foundamental, Antler, Archipelago Ventures, Conduit Connect |
| May 1, 2022 | Greyparrot | $11.0M Series A | Luca A Zerbini | Closed Loop Partners, 360 Capital Partners, Archipelago ECO Investors, Speedinvest, TI Capital, Unreasonable Collective |
