PulPac raised additional capital to industrialize technology that revolutionizes sustainable packaging and enables circular single-use products across categories.

WHO: PulPac is the innovator of Dry Molded Fiber, which is a groundbreaking manufacturing technology for circular, low-cost, high-performance fiber-based packaging and single-use products. By pioneering the technology of cellulose molding without water, Dry Molded Fiber is market-ready for many applications, and a selection of global leaders and partners are already implementing the technology. The technology enables high-speed manufacturing of fiber products and can replace most packaging and single-use products presently made of plastics. It saves energy and water, and reduces CO2 emissions. It also presents many design and marketing advantages that traditional fiber molding methods cannot meet.

WHY: PulPac will use the capital to continue its rapid industrialization of the technology through secured partnerships and investments across the supply chain to ensure scalability, cost efficiency and standardization.

IN THEIR OWN WORDS: Linus Larsson, PulPac’s CEO and one of the inventors of the technology, said, “On a global market, eager to find viable and affordable alternatives to single-use plastics, the Dry Molded Fiber technology offers sustainability with maintained or in some cases even better margins. This additional investment allows us to accelerate and meet ever-increasing demand for the technology.”

DETAILS:

• PulPac raised a $1.2 million round of funding led by existing investors, bringing the total raised equity to 7.1 million dollars.
• The company has also secured financing from a leading Nordic bank, Nordea, adding over 1.4 million dollars to acquire advanced Dry Molded Fiber equipment.
• In September 2018 a consortium of Swedish investors via PP Intressenter AB (PPI) PI entered as a new owner of PulPac. Among PPI’s owners are Johan Möller, one of the founders of the bank Collector, Lennart Grebelius, founder and owner of Sätila Holding AB, Mats Franzén and Pål Junhamn, founder of Zetup AB, as well as Björn Engström, Forsman & Bodenfors.
• To speed up the replacement of single-use plastics globally, PulPac licenses the technology to convertors and brands setting up their own production.
• Today, the company has co-operation and licensing agreements with a number of selected customers, including several large global brands operating in a variety of industries.