Borenius advised European Circular Bioeconomy Fund on Paptic’s financing round

We advised European Circular Bioeconomy Fund, which acted as the lead investor, on the EUR 23 million Series A round of financing in Paptic Oy, a Finnish growth-stage producer of fiber-based packaging materials.

Founded in 2020, European Circular Bioeconomy Fund is a German private venture capital impact fund investing in deep-tech companies that support the transition to a sustainable bioeconomy and bio-based circular economy. With this new investment, the impact fund aims to promote a new generation of materials based on sustainably sourced, renewable fibers instead of fossil raw materials and address global challenges such as plastic waste, climate change as well as resource scarcity.