Planet Smart, a London-based biomaterials startup, has raised $1 million in pre-seed funding to launch its first product. The company is developing PlanetSorb, a naturally biodegradable superabsorbent polymer (SAP) designed to replace the fossil-based plastics used inside nappies and sanitary products.
The round, led by General Inception and Vertical Venture Partners, with additional backing from Innovate UK and the Undaunted Accelerator, marks the company’s official launch after two years of intense scientific development. The funds will be used to scale R&D and the technical team at its White City laboratory, expand its technical team and begin commercial trials with global hygiene manufacturers.
