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97%
Raised
£97,330
Investors
128
Target
£100,000
Equity
0.71%
Pre-money valuation
£14,000,000

Notpla is in the process of raising up to £4m to fund the further develop our sustainable packaging business, including two whole new product lines. We have secured over £3m already from a combination of impressive VC funds, and want to offer the opportunity to re-invest to our current shareholders.

  • Three product lines to fully commercialise in 2020/21
  • New = Notpla Liner for boxes & Notpla Films for dry goods
  • Rev 2019 £292k = 400% growth from prior year
  • Traction with major corporates: Unilever, Just Eat, Lucozade, Mars

Idea

Notpla is a sustainable packaging company pioneering the use of seaweed and plants extracts to create materials with low environmental impact. Our mission is to provide sustainable solutions to companies as an alternative to plastic packaging. 150 million tonnes of plastic waste reaches the oceans every year, taking c.700 years to decompose. We believe that natural solutions are the future and proud to be are leading this movement.

Notpla is both the name of the company and the materials we create, which are always natural and home compostable. You will be familiar with Ooho, our first product, which is a a flexible packaging for liquids. We have now developed our own proprietary machine to manufacture the Ooho, and some of our commercial successes include the roll-out of this as method of hydration at running events with Lucozade Sport, as a sampling method for drinks with Glenlivet, and trials as a replacement for condiment sachets with Hellmans.

However in the past 3yrs since we first raised on Crowdcube we have been busy developing two additional product lines. The 'liner' is a greaseproof and water resistant coating for paper based food trays. Its first commercial trial is currently ongoing with Just Eat. The 'films' are a range of clear films to package dry goods, and are beginning their industrialisation process with some initial trials lined up for later this year.

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Risk warning

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Notpla has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.