5 promising impact startups of July 2020

Beyond Leather Materials raises €1.1 million to make sustainable leather from apple pulp

Beyond Leather Materials, a startup that produces plant-based and eco-friendly alternatives to animal leather, has closed a seed investment round of €1.1 million with Rockstart and Vaekstfonden. It is a Danish startup based in Copenhagen. They are a B2B supplier of a sustainable alternative textile based on apple pulp, the byproduct from juice and cider production. The product is fully biodegradable, animal free and much more sustainable than animal-derived or synthetic leather.

iLoF secures €870K to create an AI-powered digital library of disease biomarkers and help find Alzheimer’s cure

iLoF (Intelligent Lab on Fiber), a startup which is working on a patented cloud-based library of ‘disease fingerprints’, just secured €870K of additional funding from Microsoft’s venture fund M12 and Mayfield. Founded in 2019, iLoF created a disruptive platform technology, which detects nanoscale biomolecules in blood creating accurate optical ‘fingerprints’ of a patient’s phenotype and stage of disease. This way, the startup is improving screening processes, speeding up drug discovery for complex diseases like Alzheimer’s, and shining a light on COVID-19 infection.

Smol raises €8.8 million to extend home-delivery of its vegan, plastic-free washing detergent

UK-based startup smol, the detergent-to-your-door brand now loved by more than a quarter of a million households – has raised €8.8 million to continue shaking up an industry that has barely innovated for a century. Created by former Unilever employees, Paula Quazi and Nick Green in 2018, smol is taking on the big brands with its super convenient laundry and dishwasher capsule packs, which are compact enough to be delivered straight through letterboxes, offering convenience and powerful eco-friendly cleaning performance.

Europe’s green search engine Ecosia reaches milestone of 100 million trees planted

Ecosia, the green search engine that uses its advertising revenues to plant trees in areas affected by deforestation, today planted the 100th million tree in its campaign to restore devastated forests and woodlands across the world. Founded in 2009 and headquartered in Berlin, Ecosia’s tree planting mission is entirely supported by the advertising revenue generated from searches conducted by its 15 million users globally – including around 1.5 million across the UK. 

Farewill raises €22.1 million to reduce funeral poverty and modernise the death industry

UK-based startup Farewill, who was recently awarded ‘best social innovation’ at the 2020 Europas, is today announcing it has raised €22.1 million, led by growth-stage experts Highland Europe. Founded in 2015, Farewill is transforming the outdated death industry and its expensive, complex processes – many of which haven’t changed for more than 150 years – using technology and design.

Galileo IIIC

impact digest