Shantel
Key Takeaways
- Sustainable Innovation: Matter, a trailblazing microplastic technology company, secures a $10 million Series A funding round led by S2G Ventures and SOUNDWaves, with participation from prominent investors.
- Microplastic Challenge: The funding will enable Matter to scale its microplastic filtration technology and expand its solutions to combat microplastic pollution, with a focus on textile manufacturing and wastewater.
- Vision for a Cleaner World: By capturing, harvesting, and recycling microplastics, Matter aims to tackle a major environmental challenge while promoting sustainability in various industries.
Championing the Fight Against Microplastics: Matter’s Initiative
In a significant stride towards combating the global menace of microplastic pollution, Matter, a pioneering microplastic technology and innovation company, has announced the successful completion of a Series A funding round, raising an impressive $10 million. The funding round marks a significant milestone for Matter as it positions itself as a leader in microplastic solutions, setting the stage for innovative advancements to tackle the critical issue of microplastic pollution.
Microplastics: A Growing Concern
Microplastics, minute plastic particles smaller than five millimeters, have become a pressing concern due to their extensive presence in our environment. These particles, stemming from clothing and textile production, pose a serious threat to marine ecosystems and human health. With up to 700,000 microplastic fibers released into waterways during each laundry cycle and an estimated 171 trillion microplastic particles in oceans, addressing this issue is of paramount importance.
Scaling Microplastic Filtration Technology
The funding secured by Matter in its Series A round will play a pivotal role in scaling the company’s microplastic filtration technology. This technology holds the key to capturing, harvesting, and recycling microplastics from wastewater and various sources. By expanding the reach of this innovative solution, Matter is poised to have a far-reaching impact on industries contributing to microplastic pollution.
A Coalition of Visionaries: Leading the Funding Round
The Series A funding round is led by renowned names in the investment landscape, including S2G Ventures and SOUNDWaves. These visionary investors understand the urgent need for solutions that address the pervasive issue of microplastic pollution. Kate Danaher of S2G Ventures and Katherine Keating of SOUNDWaves will join Matter’s Board of Directors, further solidifying the partnership between innovative companies and visionary investors.
Transformative Solutions for Textile Manufacturing
Matter’s ambition extends beyond microplastic filtration technology; it aims to revolutionize the textile manufacturing process. By partnering with textile brands and manufacturers, Matter seeks to prevent pollution arising from microfiber fragmentation during textile production. This proactive approach demonstrates the company’s commitment to tackling the microplastic problem at its source.
Empowering Circular Solutions
One of the standout facets of Matter’s approach is its commitment to circularity. The company’s solutions not only capture microplastics but also recycle them for productive use. This circular model not only addresses the immediate issue of pollution but also contributes to the creation of sustainable practices that can benefit industries and ecosystems.
A Visionary CEO’s Perspective
Adam Root, the founder and CEO of Matter, embodies the company’s dedication to transformative change. Root emphasizes the significance of collaboration with partners who share Matter’s vision and commitment. “The combined support and expertise of our investors enables us to accelerate our work, moving beyond laundry into industrial-scale applications of our technology, and drive globally meaningful reductions in micropollutant emissions with confidence and speed,” says Root.
Advancing Solutions for a Cleaner Future
With the infusion of $10 million in funding, Matter is poised to accelerate its journey towards a cleaner, more sustainable future. By leveraging its microplastic filtration technology and collaborating with industry leaders, the company is driving the shift towards more responsible practices in textile manufacturing and wastewater management. This funding round underscores the collective commitment to addressing the microplastic crisis head-on and fostering a greener, healthier planet for generations to come.
Learn More About Matter’s Vision
For more information about Matter’s innovative solutions and its mission to combat microplastic pollution, visit matter.industries. As the company’s initiatives continue to gain momentum, its impact on industries and the environment is set to expand, bringing about positive change on a global scale.
