02. Dec 2024

Lactips raises EUR 16 million to expand into the Americas and Japanese markets

Lactips raises EUR 16 million to expand into the Americas and Japanese markets

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 EUR 16 million fundraising round.

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, Lactips’ technology has demonstrated unique properties and established strong commercial partnerships.

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, Lactips 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.
The investment of these impact funds underscores Lactips’ strong commitment to sustainable growth. AT

www.lactips.com

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