Finnish Startup Paptic Receives €23 Million Investment

Paptic Ltd, an innovator of sustainable packaging materials, has raised EUR 23 million in financing to accelerate the development of its packaging materials and increase its ability to serve global customers. The company's shareholder base was expanded with new strategic partners and international equity investors. Some of the company's former shareholders also participated in this financing round, such as the Japanese trading company Itochu Fibre Ltd. In addition, Paptic received a non-dilutive capital loan of EUR 10 million from the Finnish Climate Fund. This loan is specifically intended to facilitate the development of the industrial scale-up of Paptic's foam-based production technology.

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Paptic 

The growth financing will support the development of the company's product portfolio, manufacturing partnerships and the worldwide availability of Paptic materials. It will also accelerate the industrial scale-up of Paptic's foam-based manufacturing technology. The investment in growth also supports the company's goal of becoming carbon neutral by 2030.

Paptic has more than doubled its annual revenue for four consecutive years. The company is on track to generate revenues of €100 million in 2026 with renewable and recyclable scale packaging materials in line with circular economy principles. As the first venture capital impact fund dedicated exclusively to the bioeconomy and circular economy, aiming to catalyse the transition to a sustainable future, Paptic's new investor ECBF saw Paptic as a perfect fit for their portfolio.