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Plaxica
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Technology for the production of low cost L & D-lactic acid from renewable feedstocks

Founded in 2008
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Company type Out of Business Public ()
Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom London, United Kingdom
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Updated by Phil Goodier at Plaxica on 08/13/2014

Edited by Cleantech Group on 09/28/2021

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Date Investors Type Amount
09/10/2013 Imperial Innovations Imperial Innovations , NESTA NESTA , Invesco Perpetual Invesco Perpetual (3)
Post-money valuation of
Imperial Innovations has led a Series C funding round for which it has committed close to £3.9 million for a 35% stake in Plaxica. The original investment amount was £8 million, with investors Invesco Perpetual and NESTA Investments contributing £3.9 million and £0.25 million respectively.
 Growth Equity $12,649,600
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Versalac

Licensed technology to convert low grade, low cost C5 & C6 sugars into lactic acid using a chemical process

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