Impact investors back Papershell for first industrial plant: ‘We are building competitiveness in Europe – not in China’
16 dec. 2025
15:02
Nordic investors have poured €13m into Stockholm-based biomaterials startup Papershell, backing its first industrial-scale factory and potentially unlocking a path to tens of millions in EU support.
“We are creating competitiveness here, not in China,” Anders Breitholtz wrote in a text message to Impact Loop.
“We are creating competitiveness here, not in China,” Anders Breitholtz wrote in a text message to Impact Loop.
Prominent Norwegian and Swedish investors have injected about €13m in Stockholm-based biomaterials company Papershell, backing the construction of its first industrial-scale production plant and positioning the company for significant EU support.
The oversubscribed funding round was led by DNB Asset Management and Kistefos, alongside Swedish venture firm Course Corrected and Carrick, a Swedish family office. The investors are backing Papershell as it moves from pilot-scale production to full industrial manufacturing in Tibro, western Sweden.