About Shellworks
Shellworks is a company based in London (United Kingdom) founded in 2018 by Insiya Jafferjee and Amir Afshar. It operates as a Product-as-a-Service. Shellworks has raised $21.15 million across 4 funding rounds from investors including LocalGlobe. The company has 4 employees as of July 31, 2020. Shellworks offers products and services including Vivomer. Shellworks operates in a competitive market with competitors including TIPA, Newlight Technologies, Tidal Vision, Calyxia and UBQ Materials, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Jul, 2020
- Founders Insiya Jafferjee, Amir Afshar
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Sectors
EnvironmentChemicals & Materials Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Shellworks
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.15 M (USD)
in 4 rounds
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Latest Funding Round
$14.01 M (USD), Series B
Oct 13, 2025
- Investors
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Employee Count
4
as on Jul 31, 2020
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Products & Services of Shellworks
Shellworks offers a comprehensive portfolio of products and services, including Vivomer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Vivomer is developed as a plastic-free, compostable material.
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Funding Insights of Shellworks
Shellworks has successfully raised a total of $21.15M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $14.01 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $14.0M
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First Round
First Round
(20 Jul 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2025 | Amount | Series B - Shellworks | Valuation |
investors |
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| May, 2022 | Amount | Seed - Shellworks | Valuation | LocalGlobe |
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| Jun, 2021 | Amount | Seed - Shellworks | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shellworks
Shellworks has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include LocalGlobe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on seed-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shellworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shellworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shellworks Comparisons
Competitors of Shellworks
Shellworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TIPA, Newlight Technologies, Tidal Vision, Calyxia and UBQ Materials, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Biodegradable and recyclable packaging solutions
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| domain | founded_year | HQ Location |
Provider of sustainable material using methane-based greenhouse gases
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| domain | founded_year | HQ Location |
Provider of natural biopolymer materials
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| domain | founded_year | HQ Location |
Green chemicals are developed using microcapsule technology for sustainability.
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| domain | founded_year | HQ Location |
Composite materials are produced from unrecyclable municipal solid waste.
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| domain | founded_year | HQ Location |
Biodegradable and compostable plastics are developed using proprietary formulations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Shellworks
When was Shellworks founded?
Shellworks was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Shellworks located?
Shellworks is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Shellworks?
Insiya Jafferjee is the current CEO of Shellworks. They have also founded this company.
Is Shellworks a funded company?
Shellworks is a funded company, having raised a total of $21.15M across 4 funding rounds to date. The company's 1st funding round was a Seed of $229.04K, raised on Jul 20, 2020.
How many employees does Shellworks have?
As of Jul 31, 2020, the latest employee count at Shellworks is 4.
What does Shellworks do?
Shellworks is engaged in the development of Vivomer, a biodegradable material designed as a natural alternative to plastic. The company operates within the sustainable materials sector, offering solutions that are home-compostable, microplastic-free, and toxin-free. Their products are crafted through fermentation and formulation using waste biomass, ensuring functionality and aesthetics without environmental harm. Vivomer is tailored for various applications, including rigid and flexible forms, and is certified for composting under multiple standards. Shellworks is committed to transforming the future of materials through innovation and rigorous testing.
Who are the top competitors of Shellworks?
Shellworks's top competitors include Origin Materials, Newlight Technologies and Tidal Vision.
What products or services does Shellworks offer?
Shellworks offers Vivomer.
Who are Shellworks's investors?
Shellworks has 1 investor. Key investors include LocalGlobe.
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