OceanSaver Secures €2.1 Million Investment to Expand Eco-Cleaning Range and Retail Reach

OceanSaver, a Leeds-based eco-friendly cleaning brand from the UK, has successfully raised €2.1 million (£1.9 million) in funding to support its expansion and increase its presence on supermarket shelves. The funding was provided by NPIF II – Mercia Equity Finance, a fund managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II).

With this new injection of capital, OceanSaver plans to enhance its product range, target additional retailers, and work towards its goal of becoming the leading eco-cleaning brand in the UK. CEO Rhys Harvey emphasized the importance of ocean health and the company’s mission to encourage small everyday changes that contribute to a more sustainable future.

The funding secured by OceanSaver aligns with the broader trend of increased investor interest in sustainable consumer products and circular-economy technologies in Europe. Other companies in the eco-cleaning sector, such as AmphiStar in Belgium and ÄIO in Estonia, have also received significant funding to support their environmentally friendly initiatives.

Will Schaffer, from Mercia Ventures, highlighted the shifting consumer preferences towards eco-friendly products in the home cleaning and laundry market. OceanSaver’s plastic-free and chemical-free products have already gained traction with major retailers like Tesco, ASDA, and Waitrose.

Founded in 2018, OceanSaver’s commitment to sustainability has resulted in significant plastic waste reduction and support for ocean conservation efforts. The company’s growth projections indicate a promising future, with plans to expand its team and achieve a substantial increase in turnover by 2030.

In the past year, OceanSaver has experienced a remarkable increase in turnover and has become a leading brand in the dishwasher and laundry segment. The company’s dedication to environmental protection and consumer demand for sustainable products has positioned it as a key player in the eco-friendly cleaning market.

Lizzy Upton, Senior Investment Manager at the British Business Bank, praised OceanSaver for its contribution to the sustainable economy and emphasized the importance of supporting businesses that address climate change challenges. With a focus on eco-conscious practices and innovative solutions, OceanSaver exemplifies the forward-thinking approach of businesses in Yorkshire.

Through its innovative products and dedication to environmental causes, OceanSaver continues to make a positive impact on the cleaning industry while promoting a more sustainable future for consumers and the planet.