Revive - the startup striving to create a waste free world
by Startacus Admin
Sustainable and innovative - Revive is a Glasgow-based greentech startup that has created a palm oil alternative from used coffee grounds.
Palm oil is a versatile oil that is used in numerous everyday products, from shampoo to chocolate. It is the most widely used vegetable oil in the world. However, its production is one of the biggest factors in deforestation and carbon emissions; its negative impact on the world is as great as its positive impact in food and beauty product manufacturing. So, as usual, the obvious question is what can be done to reduce this impact or, even better, what can replace palm oil entirely?
Glasgow-based green-tech startup Revive is looking to replace palm oil with a substitute made from coffee grounds. Every year, around 500,000 tonnes of coffee grounds are produced in the UK alone, and the removal of this waste costs about £80 million per year. So the move to use their patent-pending process of recycling those coffee grounds into a palm oil alternative is one that stands to make a big impact on two fronts, and can help make coffee more sustainable.
So far, since their inception, the startup says that they have already saved 100,000kg of coffee grounds from the landfill, and they haven’t even made the move to the industrial scale yet. In fact, 2023 sees the start of trial with large brands across the UK and Europe and, hopefully, partnership announcements.
In 2019, Revive received £235,000 in funding from Zero Waste Scotland, and in early 2022, they completed a crowdfunding campaign with a £150,000 goal. In December, the startup announced that they had secured another £375,000 in a round led by the Gabriel Investment Syndicate, with participation from Scottish Enterprise and the University of Strathclyde. The funding will go towards growing the team and scaling up their manufacturing capabilities, allowing them to make the move from lab to industrial-scale production.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...
 Daniel Dierkes, David Schara, and Maximilian Geißinger 2.jpeg)
Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.
.jpg)
Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.
SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future
A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated
Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 6th January 2023
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
