Sulapac secures significant new investors
Finnish startup Sulapac has received investments from Mika Ihamuotila and Planvest that will help accelerate the internationalisation and development of its biodegradable alternative to plastic.
Sulapac’s biodegradable packaging material is made of wood and natural binders, and it is completely free of microplastics.
The award-winning Finnish company already offers cosmetic and jewellery packaging made of the material, and long-term licensing of the technology to other industries is now also on the table, after promising results from the cosmetics sector.
“Sulapac has developed a unique solution to a major global problem – the increasing amount of non-biodegradable plastic,” comments investor Mika Ihamuotila. “Sulapac answers the growing desire of consumers to look for environmental-friendly products and packaging. I am convinced that Sulapac will grow directly into an international player who teams up with major consumer brands.”
In addition to the new investments, Sulapac has raised funds from its previous investors, including Lifeline Ventures, Eerik Paasikivi, Ilkka Herlin and Saara Kankaanrinta, as well as Business Finland.
Interested to learn more about Sulapac’s campaign against plastic? Read our feature here.
Good News from Finland is published by Finnfacts, which is part of Business Finland.