“Positive and Energised” – a long-running vision to make plastics from cow’s milk gets new funding
4 dec. 2024
17:49
The search for environmentally-friendly plastic alternatives has been ongoing for decades. Many companies have claimed to find the solution only to see their products overlooked. Can this French company, making durable polymers from milk protein, be the one to finally crack it?
Biomaterials startup Lactips has closed a €16m funding round, backed by the French public investment bank Bpifrance and the Blue Ocean Fund run by Paris-based SWEN Capital Partners. The company, which manufactures plastic alternatives from animal proteins, will use the funding to expand in France and enter foreign markets.
"Securing this funding marks a pivotal moment for us, validating the hard work and commitment of our entire team,” Bertrand Dupeyroux, VP Sales & Marketing, told Impact Loop. "It has given us a renewed sense of purpose and momentum to accelerate our mission of creating sustainable solutions."