Plastic@Sea raises 640 000€ from BNP Paribas, Bpifrance and a Business Angel.
The young blue biotech strengthens its production capacities and structures its teams.
Banyuls sur Mer February 8, 2023. Plastic@Sea, a young innovative company in the blue economy, announces that it has completed a €640,000 financing round with BNP Paribas Développement, BpiFrance and a Business Angel.
Plastic@Sea is a start-up from the Arago business incubator of the Oceanological Observatory of Banyuls, France. It helps industrialists and institutions to identify the impact of plastic products on the environment (leaks / biodegradability / effects on biodiversity), whether they are conventional, biosourced, biodegradable and/or recycled plastics.
Anne-Leila Meistertzheim (CEO), accompanied by her advisors Jérôme Pujol (Selarl Boissiere Pujol avocats) and Daniel Christiaen (former Director of the Arago incubator), is very pleased with this fundraising. " The objective of this capital increase is to control our growth in order to remain the market leader by recruiting new employees, particularly in sales.
Anne-Leila Meistertzheim adds: "Major accounts, such as BIC, have trusted us since the creation of Plastic@Sea. More and more companies are aware of the impact and end-of-life of their products. Our ambition is to remain the leader in this field. This prestigious partnership with BNP Paribas Développement is a long-term relationship that allows us to grow in line with this huge market.
About BNP Paribas Développement :
BNP Paribas Développement, an autonomous subsidiary of the international banking group BNP Paribas, is a limited company that has been investing its own funds directly as a minority shareholder for more than 30 years to support the development of successful SMEs and SMIs and to ensure their long-term survival by facilitating their transfer. In addition to the financial resources made available to the company to ensure stable resources, BNP Paribas Développement's vocation is to support the management team over the long term in carrying out its medium-term strategic projects. Our minority position ensures that our partners benefit from appropriate governance without interference in day-to-day management, while benefiting from the strength of a recognized group and the experience of a partner with a portfolio of more than 400 diversified holdings.
For more information: https: //www.bnpparibasdeveloppement.com/
Founded in 2018 by a tandem of scientific experts, Drs. Anne-Leila Meistertzheim and Jean-François Ghiglione, the startup has been active since January 2019 and now has 17 employees. Their expertise on the fate and effects of plastics in marine ecosystems is internationally recognized. In the years to come, it will be necessary to be able to propose innovative alternative polymers, whose biodegradability can be controlled by playing on their physical chemistry and whose fate and potential impacts at the end of their life can be anticipated from their design.
Plastic@Sea offers companies to evaluate the biodegradability and ecological impact of their plastic products (conventional / biosourced / recycled / biodegradable) and to identify environmentally friendly solutions in a circular economy context. The company is conducting several projects to measure the fate and effects of plastics in ecosystems with institutional or private structures to contribute to a virtuous use of plastics to preserve the environment ("the plastic transition").