Evoralis raised £2,5 millions to develop its chemical recycling solution – Business weekly

Cambridge University spin-out Evoralis has raised £2.5 million seed funding to fast-track development of technology to recycle textiles and plastics previously deemed unrecyclable. It literally has LIFTT-off! And this particular ‘seed’ also has massive growth potential: The £2.5m round could unlock a $560 billion economic opportunity!

The round was led by LIFTT S.p.A with co-investment from Backbone Ventures and circular economy-focused investors Circular Plastics Accelerator and Archipelago Ventures, and Parkwalk Advisors, the University of Cambridge, as well as angel backers. CPI has successfully converted a loan into equity and acquired shares in the business.

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