About Sparxell
Sparxell is a Chemicals & Materials company based in Cambridge (United Kingdom) founded in 2022 by Benjamin Droguet. Sustainable pigments and effects are developed from plant-based cellulose. Sparxell has raised $8.2 million across 3 funding rounds from investors including L'Oréal, European Commission and PDS Limited. Its chief executive, as recorded, is Benjamin Droguet. Sparxell offers products and services including Biodegradable Pigments and Colour Platform. Its focus areas include Chemicals and Materials Tech, Chemicals Tech, Green Chemicals and Dyes and Pigments. Its legal entity is Sparxell Inc.
Company details
Sparxell was founded in 2022 and is based in Cambridge, United Kingdom. Operations focus on the sustainable materials sector, where plant-based cellulose serves as the primary material for pigments, including glitter, sequins, and films. These products are designed for applications in colors and effects across various industries. Development emphasizes eco-friendly alternatives to traditional materials.
- Headquarters Cambridge, United Kingdom
- Founders Benjamin Droguet
- SectorsChemicals & Materials
- Website sparxell.com
- Social LinkedIn X
- Legal Name Sparxell Inc.
- Total Equity Funding$8.2M (USD)
in 3 rounds
- Latest Funding Round$5M (USD), Seed
Feb 2026
- InvestorsL'Oréal
& 12 more
Products & Services of Sparxell
Sparxell offers a comprehensive portfolio of products and services, including Biodegradable Pigments and Colour Platform.
Natural pigments made from cellulose for eco-friendly colour applications.
System for creating biodegradable colour solutions in various industries.
Funding Insights of Sparxell
Sparxell has successfully raised a total of $8.2M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in February 2026. 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 $8.2M
- Total Rounds 3
- Last Round Seed — $5M
- First Round $3.2M
(Apr 2024)
- Investors Count 13
All 3 funding rounds of Sparxell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2026 | $5M | Seed | – | SWEN Capital Partners | |
| May 2025 | $2.15M | Grant | – | – | |
| Apr 2024 | $3.2M | Seed | – | Circular Innovation Fund, L'Oréal |
13 investors in total: 13 institutional.
Investors in Sparxell
Sparxell has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include L'Oréal, European Commission and PDS Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital fund investing in circular innovation and sustainable technologies across global regions. | circularinnovationfund.com | |||
Early-stage startups are funded by Future Communities venture capital entity. | futurecommunities.vc | Berkeley, United States | ||
Investment consulting services are provided to guide client portfolios. | 2016 | katapult.vc | Oslo, Norway | |
Venture capital fund focused on tech sectors | joyancepartners.com | San Francisco, United States | ||
SNØCAP is recognized as a deeptech venture capital firm. | 2023 | snocap.vc | Seattle, United States | |
| earth.vc | ||||
Granatus Ventures is engaged in funding deep-tech startups globally. | granatusventures.com | Yerevan, Armenia | ||
| swen-cp.fr | ||||
Internet first brand of skin & hair care, and makeup products for men and women | 1909 | loreal.com | Clichy, France | |
Garments are manufactured on a contract basis by PDS. | 1999 | pdsltd.com | Mumbai, India |
Investor details for Sparxell
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Sparxell
1 people are tracked at Sparxell (1 in leadership).
| Name | Role | Group |
|---|---|---|
Benjamin Droguet | Co-Founder & CEO | Leadership |
Complete people profiles for Sparxell
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Sparxell
3 dated milestones of Sparxell across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Sparxell is founded.
- Funding First funding round of $3.2M.
- Funding Latest funding round, Seed, of $5.0M.
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Related news about Sparxell
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Frequently Asked Questions about Sparxell
Sparxell was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Sparxell is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Benjamin Droguet is the CEO of Sparxell, as recorded in our data. They have also founded this company.
Sparxell is a funded company, having raised a total of $8.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.2M, raised on Apr 2024.
Sparxell was founded in 2022 and is based in Cambridge, United Kingdom. Operations focus on the sustainable materials sector, where plant-based cellulose serves as the primary material for pigments, including glitter, sequins, and films. These products are designed for applications in colors and effects across various industries. Development emphasizes eco-friendly alternatives to traditional materials.
Sparxell offers Biodegradable Pigments and Colour Platform.
Sparxell has 13 investors. Key investors include L'Oréal, European Commission, PDS Limited, Katapult, and Circular Innovation Fund.
Sparxell operates through Sparxell Inc..