Collateral Good Ventures, an Article 9 venture capital impact fund dedicated to investing in environmentally and socially responsible companies, has announced a new investment in PulPac. This Swedish company has developed a groundbreaking technology for sustainable packaging.
PulPac's Dry Molded Fiber technology offers a cost-competitive, sustainable packaging solution that helps companies transition towards circularity. By spearheading the industry with this innovative approach, PulPac is meeting both market and environmental needs and building a global partner network to make Dry Molded Fiber the new standard in molded fiber manufacturing.
"We are thrilled to invest in PulPac, a company at the forefront of sustainable packaging solutions," said Michael Kleindl, Managing Partner at Collateral Good Ventures. "Their Dry Molded Fiber technology offers a cost-effective, environmentally-friendly alternative to traditional plastic packaging. We believe that PulPac's innovative approach to sustainable packaging has the potential to make a significant impact on the environment, and we are proud to support their mission."
With Collateral Good Ventures' investment, PulPac plans to scale up its operations and expand its reach. Deploying hundreds of production lines with partners, they aim to substitute millions of tons of plastic with circular fiber solutions. PulPac and Collateral Good are committed to promoting a more circular economy and aim to quickly make Dry Molded Fiber into a global standard in packaging.
"We are excited to have Collateral Good Ventures on board as a partner and investor," said Linus Larsson Green, CEO of PulPac. "Their commitment to environmental and social responsibility aligns with our own values, and we look forward to working together to promote sustainability and positively impact the environment.”
www.pulpac.com