Climate-tech startup Matter has just completed a Pre-Series A funding round, securing €442k fresh funding from Builders Vision’s Rising Tide Fund. This new boost follows on from receiving €175k from the British Design Fund and the young company’s entry into the Elemental Excelerator programme.
Founded in Bristol in 2017, Matter is on a mission to pioneer new tech solutions to capture, harvest and recycle microplastics. Founder Adam Root, a former Dyson Engineer, has been using his skills and know-how to create a retrofit filter solution for domestic washing machines to present harmful microplastics from clothing entering the water system.
If 2021 was the year we all became more aware of the extensive damage our planet is suffering, 2022 is shaping up to be the year that innovative tech arises to help solve the problems we are facing. Matter is one of the startups bringing us this crucial and innovative tech.
It’s estimated that 5.25 trillion particles of plastic are already in the world’s oceans – the majority of which is in the form of microplastics that have been generated through the process of washing our clothing. Matter’s filter solution aims to massively reduce this.
The young company is also working with researchers and universities to develop new technologies to reuse the captured microfibres – creating a truly closed-loop system and protecting the wellbeing of our vital water sources.
Founder and CEO, Adam Root, commented on the funding: “Builders Vision stands behind those on the frontlines working to build a more humane and healthy planet. Through their investments, they aim to drive positive change and show that the most successful businesses are purpose-driven. This is intrinsically aligned to what we have set out to achieve with Matter. We are thrilled to welcome Peter and his team into the Matter family and the added value they have already brought was instrumental in our choice to bring them on to the cap table.”