Circulate Capital backs Nova Biochem to scale sustainable chemicals production from pulp and paper side streams

October 31, 2025

Circulate Capital has completed an investment in Nova Biochem, a UK-based circular chemistry company developing a proprietary process to convert pulp and paper side streams into low-carbon, renewable chemical building blocks for applications including PET, coatings, adhesives, and resins.

The oversubscribed Seed round was led by Circulate Capital with participation from Coca-Cola Europacific Partners, TSP Ventures, Archipelago Ventures, and the Circular Plastics Accelerator.

The new funding will enable Nova to scale and commercialize its proprietary technology, work on industry integration and expand the team.

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