Paptic Raises $24.6 Million for Sustainable Packaging Expansion

Environment + Energy Leader (09/07/23) Leimbach, Sydney

Paptic confirms that it has raised $24.6 million in growth financing that it will be put towards scaling up its manufacturing technology and developing its portfolio of sustainable packaging materials. This will allow for Paptic materials to be available around the globe. The company has more than doubled its revenue annually for four consecutive years. It has received financing from a range of international equity investors, including Ecolab and the European Circular Bioeconomy Fund. In addition, Paptic received funding from earlier shareholders, such as Itochu Fibre, and was granted more than $2.6 million from the European Innovation Council's Accelerator program.

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