Matter, a groundbreaking microplastic technology and innovation company, has successfully secured $10 million in a Series A funding round. The company’s mission is to develop and implement cutting-edge solutions for capturing, harvesting, and recycling microplastics, with the goal of combatting the pervasive issue of microplastic pollution.
The funding round was led by S2G Ventures, the direct investment team for Builders Vision, and SOUNDWaves, a sustainability-focused investment vehicle backed by Ashton Kutcher and Guy Oseary. The round also saw participation from Leonardo DiCaprio-backed Consumer ClimateTech fund Regeneration.VC and Katapult Ocean.
Microplastics, tiny plastic particles measuring less than five millimeters, are a growing environmental concern due to their widespread presence and potential harm to ecosystems and human health. Matter is dedicated to creating innovative solutions to capture, harvest, and recycle microplastics to address this pressing issue.
Matter is collaborating with manufacturers of domestic and commercial laundry appliances to integrate its technology into their products, in line with upcoming French regulations requiring microfibre filters in washing machines by 2025. The company is also partnering with textile brands and manufacturers to mitigate microfibre pollution in the textile manufacturing process.
The new funding will allow Matter to expand its core technology to develop scalable solutions that capture microplastic and other micropollutant emissions from water systems. This will prevent microplastics from entering sewage systems and being released into the environment.
Matter’s innovative approach and collaborative efforts are poised to make a significant contribution to reducing microplastic pollution and fostering a cleaner, more sustainable future.