Lactips funding news – France-based Lactips has Secured €16Million in a New Funding
Nov 29, 2024 | By Kailee Rainse
Lactips, a French company 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.
SUMMARY
- Lactips, a French company 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.
- Lactips is a leader in natural polymers, developing, producing, and commercializing plastic-free, biobased alternatives to plastic that are water-soluble and fully biodegradable in all environments.
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, it's technology has demonstrated unique properties and established strong commercial partnerships.
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Funding Utilisation
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.
Historic investors, notably Bpifrance through the SPI fund (Société de Projets Industriels) and BNP Paribas Développement, are renewing their confidence by reinvesting in this round. Additionally, it is welcoming two new key investors, SWEN Capital Partners and GO CAPITAL, who are investing through their respective impact funds.
Blue Ocean is a leading reference among impact funds in France and internationally, supporting start-ups that offer innovative solutions to tackle the three biggest threats to our oceans: overfishing, climate change, and pollution.
Impact Ocean Capital, managed by GO CAPITAL, is a prominent fund dedicated to financing the blue economy, with a particular focus on decarbonizing industry, protecting marine biodiversity, and promoting sustainable food.
Alexis von Tschammer, CEO of Lactips said, "We are thrilled to reach this important milestone in Lactips’ development. The entry of impact funds into our capital is a genuine recognition of our long-term growth potential and our commitment to responsible development within the global ecological transition. Our historic shareholders have once again confirmed their commitment to Lactips. These long-term partnerships provide us with the means to achieve our ambitions.”
Julie Peyrache, SWEN Capital Partners said, “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. With sustained development and a passionate team, Lactips has established itself as a market leader.”
Jérôme Gueret, GO CAPITAL said, “GO CAPITAL is proud to support Lactips in this new phase of its international expansion. With a talented team driven by impact, Lactips is positioning itself as a key player in the shift away from petroleum-based plastics. Their casein-based natural polymer addresses critical environmental challenges, particularly in safeguarding the health of marine ecosystems.”
Chloé Schiaffino, SPI (Bpifrance) said, “As a shareholder since 2020, we have supported Lactips in developing innovative products, enhancing its industrial facilities, and seizing new market opportunities within a positive societal and regulatory environment. Today, Lactips provides relevant, industrially-proven solutions that have been embraced by several prominent clients. Building on its successful track record, this new funding round offers an opportunity to strengthen and solidify the company’s assets while accelerating its commercial growth and international expansion.”
About Lactips
Lactips is a leader in natural polymers, developing, producing, and commercializing plastic-free, biobased alternatives to plastic that are water-soluble and fully biodegradable in all environments. The unique properties of Lactips products offer an ideal solution to environmental challenges in packaging, labeling, as well as products related to agriculture and outdoor sports.