In France, Lactips, a company developing and producing polymers from milk protein casein, has completed a €16 million (US$16.9 million) fundraising round. The financing will enable Lactips to accelerate its commercial growth and expand its international presence.
Lactips provides sustainable alternatives to traditional plastics, supporting converters and brand owners in their ecological transition. The company’s patented technology and full-scale industrial facility have established strong commercial partnerships and demonstrated unique properties.
The funding round was led by the Blue Ocean Fund, managed by SWEN Capital Partners, and included contributions from the Impact Ocean Capital Fund, managed by GO CAPITAL. Existing investors SPI Fund and BNP Paribas Développement also participated.
“As plastic pollution poses a major threat to our oceans, we are particularly proud to support Lactips in its new phase of development. Lactips is an innovative industrial deeptech company with 10 years of research and development. Since its creation, it has been committed to guide manufacturers and brands in their ecological transition by providing 100% biosourced solutions that are fully biodegradable in all environments and water-soluble, leaving no microplastics behind,” said Julie Peyrache, SWEN Capital Partners, in a press statement.