What is Innovative Labs?
Innovative Labs, originally established as Innovative FlexPak (IFP) in 2006, is a specialized entity focused on single-serve and flexible packaging solutions for gels, purees, and liquids. Operating within the flexible fill form and seal packaging segment, the company's core competency lies in producing tear-top pouches. Headquartered in Springville, Utah, IFP has positioned itself as a key player in its niche market, catering to industries requiring precise and convenient packaging formats.
How much funding has Innovative Labs raised?
Innovative Labs has raised a total of $13.4M across 1 funding round:
Debt
$13.4M
Debt (2017): $13.4M with participation from MB Business Capital
Key Investors in Innovative Labs
MB Business Capital
MB Business Capital, a subsidiary of MB Financial, Inc., specializes in providing working capital loans, accounts receivable financing, and various other financial services tailored for small and middle-market businesses. Their expertise in asset-based lending and commercial financing makes them a strategic partner for companies seeking operational growth capital.
What's next for Innovative Labs?
The recent major strategic investment signals a pivotal growth phase for Innovative Labs. This capital infusion is expected to fuel expansion initiatives, potentially including advancements in packaging technology, scaling of production capabilities, and broadening market reach. The company's trajectory suggests a focus on solidifying its market leadership and exploring new applications for its specialized packaging solutions.
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