Leeds-based BindEthics has secured £150,000 in seed funding from Lifted Ventures and Mint Ventures. The investment will support the development of what the company claims to be the first fully bio-derived adhesive for the engineered wood sector.
The firm’s glue is made using brewing waste and provides a non-toxic alternative to formaldehyde-based adhesives widely used in furniture and construction. Designed to be biodegradable and recyclable, the product aims to reduce carbon emissions by up to 86% compared to conventional glues.
BindEthics is targeting applications across furniture, construction, and packaging, positioning its technology as a sustainable replacement for adhesives that currently hinder recycling and safe incineration. The global adhesive market, worth more than £50 billion, faces increasing demand for greener alternatives as environmental regulations tighten and consumer awareness grows.
The business has previously attracted over £400,000 in angel investment and Innovate UK grants to support its commercialisation strategy. Lifted Ventures and Mint Ventures, both women-led investment groups, are backing the company’s next phase of growth, reflecting a broader effort within the finance sector to increase funding for female-founded, purpose-driven enterprises.
