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17th May 2024 - 0 comments

Angel investment powers the circular economy

A syndicate of 15 female investors from Women Angels of Wales (WAW) is helping to improve recycling rates of single-use plastic with an equity investment in Deeside-based Polytag.  With the backing of Collateral Good and Knop Ventures, Polytag has now raised £2.85 million to help fund the growth of its unique, tag and trace barcode technology. The GS1 Digital Link QR Codes allow brand owners and retailers in the food and beverage sectors to track packaging from the time it’s labelled to the moment it’s scanned at recycling centres. Trials are already underway with Ocado, Co-op, Arla, Aldi and Biffa.

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