Hempire Labs S.L., a Spanish consulting company, is seeking new investors for the R&D of new consumer goods based on industrial hemp.
-- Hempire Labs S.L. (Hempire Labs) has announced that it is seeking fresh funding from venture capital (VC) firms and other investors looking to add hemp-based consumer goods manufacturing to their portfolios. The amount raised will be used for the R&D of these goods, which the firm will conduct with its global partners.
More information is available at https://hempirelabs.eu/
According to Technavio, the industrial hemp market is expected to have a compound annual growth rate of 25.25% between 2024 and 2028, with an estimated revenue of $13.9 billion during the period. The market research firm said that consumer demand for more sustainable products will continue to spur growth in the segment.
"The trajectory of the industrial hemp market, as well as the individual demands for goods such as textile and wellness products, presents a massive opportunity for any investor seeking long-term growth," said Hempire Labs co-founder Mardi Joubanian. "The key is unlocking better and more cost-efficient ways to manufacture these products through R&D."
Mr. Joubanian said that his group is keen on researching and developing a number of applications for hemp. These include sustainable textiles for clothing and shoe components, personal care and wellness products, home products such as biodegradable packaging, automotive and industrial products such as car interior components and bioplastics, pet products, and more.
He said that one of the main challenges of developing hemp-based goods is the regulatory aspect, as high standards have been placed on manufacturers akin to those in the pharmaceutical industry. "As a consulting firm helping industrial hemp startups meet GMP, GDP, and GACP standards, we're confident in our ability to make sure that our R&D projects remain unimpeded by regulatory roadblocks."
Hempire Labs has been helping fledgling hemp cultivators and manufacturers find their footing through expert advisory services in a number of key areas, primarily compliance, product development, cleanroom design, and business growth strategy. Its clientele consists of hemp startups based in different countries.
Co-founder Mr. Joubanian is a hemp industry veteran with vast experience in setting up world-class laboratories for product development. Leading Hempire Labs' project management division is Paulina Molyneux-Webb, an educator specializing in hemp's homeopathic applications.
Interested investors who want to know more about investment opportunities with Hempire Labs are encouraged to submit their queries at https://hempirelabs.eu/
Contact Info:
Name: Paulina Molyneux-Webb
Email: Send Email
Organization: Hempire Labs S.L.
Address: POLIGONO NUEVA CAMPANA, 93 NAVE, Marbella, Andalucía 29660, Spain
Website: https://hempirelabs.eu
Source: NewsNetwork
Release ID: 89155923
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