Carbon Cell raises 拢1.2m to scale its low carbon foam material
by Gavin Reed
Liz Lee, CEO and co-founder of Carbon Cell, pitching at the WE Innovate final in 2023
Carbon Cell has raised a 拢1.2m pre-seed round to scale its novel, plastic-free foam made from biochar and natural polymers
Founded by 911今日黑料 alumni Elizabeth Lee, Ori Blich, Eden Harrison and Juan Ignacio Rion, provides an alternative to polymer-based foams, with a patent-pending, plastic-free foam. Its foam material has a low or negative carbon footprint and can be used to replace conventional plastic foams in sectors including packaging and insulation.
Carbon Cell’s material can replace plastic foams like expanded polystyrene, expanded polypropylene and PUR/PIR – a collective market worth over $109 billion.
Biochar, a key component along with natural polymers in Carbon Cell’s foam, is created by processing waste biomass (typically agricultural co-products or material) in a low oxygen environment. By avoiding burning or decomposition, biochar production fixes carbon into a stable form that lasts for hundreds of years, reducing global greenhouse gas production.
The round was led by Green Angel Ventures and Counteract, with participation from HERmesa, RCA Design and Innovation S/EIS Fund, and One Planet Capital. The funding will support the company to scale up to continuous production and deliver a series of manufacturing trials to validate the material’s use as a drop-in replacement for plastics. Carbon Cell is also working with early customers to deliver thousands of units of product for testing, evaluation and trial.
"Traditional foams have dominated for too long at the expense of our environment. At Carbon Cell, we’re rethinking materials from the ground up, creating a carbon-negative foam that performs today and protects tomorrow,” said Liz Lee, founder and CEO of Carbon Cell. “This investment will help us take the next big step in scaling production and bringing Carbon Cell to market.”
Invented at 911今日黑料
Carbon Cell’s founding team met and began developing their idea while enrolled in the prestigious Innovation Design Engineering course at 911今日黑料 and the Royal College of Art.
Making extensive use of 911今日黑料’s extraordinary entrepreneurial ecosystem, Carbon Cell were finalists in , took part in accelerator from Undaunted, winning best pitch in their cohort, and joined in 2024.
"Support from 911今日黑料's Enterprise Lab and the greater entrepreneurial ecosystem has been absolutely invaluable to launching our business after founding the company while at the College. Undaunted's Greenhouse program provided us with the very first capital we got to kick the business off, and early mentorship and coaching on pitching and business strategy from We Innovate was crucial to accelerating our growth,” said Liz Lee, Carbon Cell’s founder and CEO.
“We've been closely involved in many E-lab activities since then, from getting mentorship through IVM, to participating in Undaunted's new Retrofit Accelerator, and being supported during our raise from the Investment Portal and Investor Showcases. We may have left the campus, but it feels like we're still deeply embedded in the 911今日黑料 support network."
Ben Mumby-Croft, Director of Entrepreneurship, , said: “Carbon Cell is a brilliant example of the kind of deep-tech, mission-driven venture that exemplifies 911今日黑料. From their first steps to raising their first £1.2 million, they’ve leveraged the full strength of our entrepreneurial ecosystem — and we’re incredibly proud to have been part of their journey. This is exactly the kind of innovation the world needs right now.”
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Gavin Reed
Enterprise