Tech Company Financing Transactions
Paptic Funding Round
ECBF - European Circular Bioeconomy Fund, Ecolab and Itochu Fibre joined a $24.6 million Series A funding round for Paptic. The round was recorded on 9/4/2023.
Transaction Overview
Company Name
Announced On
9/4/2023
Transaction Type
Venture Equity
Amount
$24,640,000
Round
Series A
Investors
Proceeds Purpose
The new financing will support Paptic's growth and expand its material portfolio, making Paptic® flexible packaging materials more available globally. It will also enhance the company's ability to serve its global customer base and accelerate the industrial scaling of Paptic's foam-based manufacturing technology. In addition, the investment supports the company's commitment to be carbon-neutral by 2030.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Tekniikantie 4C
Espoo, FI-02150
FI
Espoo, FI-02150
FI
Phone
Undisclosed
Website
Email Address
Overview
Paptic Ltd (or Paptic Oy) is a high growth company established in 2015 with headquarters in Espoo, Finland. The company has developed Paptic®, a fibre-based, and recyclable material to replace plastics in packaging. The material has been?available on an industrial scale since 2018.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tuomas Mustonen
Chief Financial Officer
Jaakko Mikola
Chief Operating Officer
Vesa Yliherne
Chief Technical Officer
Heidi Saxell
Co-Founder
Esa Torniainen
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