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Status: Active

Jun 24th 2021 - Dec 31st 2021

30 days left

Hemspan states that it designs bio-based building systems and products for construction by combining modern methods, technology and hemp to produce net-zero carbon solutions. The company argues that every time an average house is built, the CO2 emitted by the manufacture, transport and assembly of the materials used is around 50 to 60 tonnes. Hemspan says that one hectare of UK-grown industrial hemp can absorb 11 tonnes of CO2 each year with regeneratively farmed hemp capable of sequestering a further 6 tonnes per hectare of CO2 into the soil each year. Hemspan intends to activate significant demand for hemp farming in the UK and develop processing technologies to reduce reliance on imports and enable large scale manufacturing of bio-based cladding and insulation products that spin out of R&D programmes. It asserts that the global industrial hemp market is expected to grow at 25% CAGR reaching US$ 27 billion by 2028. It aims to be a contender in this segment. 

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  • £109,000
    pledged
  • 109%
    of goal

    £100,000
    target

    £900,000
    pre-money valuation

    6.78%
    equity available

    13
    investors

    £8,385
    pledge per investor

    13048344
    company number

    Active
    company status

    27/11/2020
    incorporated 1 years

    £0.01
    share price

    Previous Funding rounds
    24 Jun 21 Envestors £109,000 / 109%

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Funding progress



  • £109,000
    pledged
  • 109%
    of goal

    £100,000
    target

    £900,000
    pre-money valuation

    6.78%
    equity available

    13
    investors

    £8,385
    pledge per investor

    13048344
    company number

    Active
    company status

    27/11/2020
    incorporated 1 years

    £0.01
    share price

    Previous Funding rounds
    24 Jun 21 Envestors £109,000 / 109%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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