London-based Unwasted, a producer of premium manufacturing materials from waste cardboard, announced on Tuesday, that it has raised £1.5M (approximately €1.7M) in a Seed round of funding. The company says that the funds will help in building its first manufacturing facility.
Unwasted CEO, Rod Fountain, says, “Unwasted’s mission is to produce a sustainable alternative to virgin wood-based panels which can be remade indefinitely without harm to the environment, and this funding round is an important step in achieving this goal.”