Lactips lands $16.9M funding round for 100% biobased natural polymer

December 9, 2024 |

In France, Lactips, specializing in the development, production and commercialization of a 100% biobased natural polymer that is water-soluble and biodegradable in all environments, has announced a €16 million fundraising round. This new round, backed by SPI fund, managed on behalf of the French government by Bpifrance as part of France 2030, marks the entry of 2 new impact fund investors: SWEN Blue Ocean and GO CAPITAL through its Impact Ocean Capital fund, as well as Sogive, a family office.

Lactips, which celebrated its 10th anniversary in 2024, supports converters and brand owners in their ecological and regulatory transition by providing a sustainable, natural alternative to traditional plastics. Backed by patented and proven technology, expert teams, and a full-scale industrial facility, Lactips’ technology has demonstrated unique properties and established strong commercial partnerships.

This funding round gives Lactips the resources needed to realize its ambitions and establish itself as a leading global player. It will allow the company to:

accelerate its growth in Europe and further expand into the Americas and Japanese markets to strengthen its presence in key strategic regions

Continue its research and development efforts to broaden its product portfolio, enhance performance, and further minimize environmental impact

Further invest in its industrial facility to support growth and maximize production capacity.

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Category: Fuels

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