A Swansea-based company which designs and manufactures products from recycled plastic materials has raised almost £1m to support its growth.
Smile Plastics has secured £980,000 from Green Angel Syndicate members, the GAS Climate Change Fund, the British Business Investments funds committed to GAS through its Regional Angels Programme, the Angel CoFund and a number of other private investors.
Designs from Smile Plastics can be found in Studio Odeonsplatz by Mercedes-Benz, the luxury German automotive brand’s prototype showroom in Munich. Contemporary Danish fashion brand Ganni also utilises the manufacturer’s eco-friendly product display units in its stores across Scandinavia, London, Paris and Los Angeles.
Rosalie McMillan, founding director of Smile Plastics, said: “This investment is well timed to enable us to realise the rapid growth needed to meet the demand for our product in the UK and internationally.
“We’re proud to have GAS on board for the next stage of our journey.”
Cam Ross, chief executive of Green Angel Syndicate, added: “Smile Plastics produces stunning products that are in high demand and good for the planet.
“This investment will support Smile in meeting that demand and expanding this already hugely successful business. And as their name suggests, the team at Smile are a joy to work with.”