Shellworks
Financials
Estimates*
GBP | 2020 |
---|---|
Profit | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$820k | Seed | ||
£440k | Grant | ||
N/A | $608k | Grant | |
* | £5.0m | Seed | |
* | N/A | Early VC | |
Total Funding | $8.6m |
Related Content
Recent News about Shellworks
EditThe Shellworks is a startup that operates in the sustainable packaging market. The company's primary product is Vivomer, a vegan and compostable material that is designed to replace traditional packaging materials. This innovative product is created with the help of microbes and is designed to fully decompose in any soil or marine environment, leaving no microplastics behind.
The Shellworks caters to businesses looking for sustainable packaging solutions, particularly those in the personal care industry. The company's business model is based on the production and sale of Vivomer, which can be customized with natural dyes to fit any brand profile. This allows businesses to maintain their brand identity while transitioning to more sustainable practices.
The production process of Vivomer begins with micro-organisms that naturally produce granules. These microbes are placed in a fermentation unit to stimulate granule growth. The granules are then extracted and turned into pellets, which are mixed with natural pigments to create a range of colours. The coloured pellets are melted down into forms using existing equipment, making the solutions compatible with existing manufacturing lines.
The Shellworks generates revenue by selling Vivomer to businesses transitioning to sustainable packaging. The company's commitment to a waste-free world and its innovative, eco-friendly product positions it well in the growing market for sustainable packaging solutions.
Keywords: Sustainable Packaging, Vegan, Compostable Material, Microbes, Zero Microplastics, Natural Dyes, Personal Care Industry, Waste-Free World, Eco-Friendly, Customizable Products.