Keystone Law advises Kelpi on £3 million seed funding

Keystone Law has advised Kelp Industries Ltd (trading as Kelpi) on raising £3 million in seed funding. The Bristol-based sustainable packaging scale-up has developed a unique biopolymer from seaweed, which can be applied as a coating to materials such as paper and card. The resulting packaging is recyclable, compostable and marine-safe.

The investment was led by Science Creates Ventures and Green Angel Syndicate, with funding from One Planet Capital and follow-on investment from Bristol Private Equity Club, as well as private angel investors. It included £665,000 of grant funding from Innovate UK’s Combined Investor Partnership.

The Keystone Law team was led by corporate partner Charles Frank and included employment partner Jane Wheeler.Neil Morris, co-founder and CEO of Kelpi, commented:

“We were delighted to work with Charles and his colleagues at Keystone Law on the funding round. Charles worked effectively and swiftly and really felt like a key member of the management team during the round, ensuring we got to a successful outcome in good time, but also in good humour.”

Charles Frank added:

“This was an exciting deal to be part of. I wish Kelpi every success as the business continues to grow and develop.”