What is Lactips?
Lactips is at the forefront of environmental innovation, manufacturing a plastic alternative designed to have zero environmental impact. Leveraging a pioneering technology, the company utilizes natural raw materials to create a biodegradable plastic, addressing the critical global issue of plastic pollution that persists for hundreds of years in our oceans. This commitment to sustainability positions Lactips as a key player in the green materials sector.
How much funding has Lactips raised?
Lactips has raised a total of $31.7M across 3 funding rounds:
Unspecified
$1.8M
Other Financing Round
$13M
Other Financing Round
$16.9M
Unspecified (2017): $1.8M, investors not publicly disclosed
Other Financing Round (2020): $13M led by Diamond Edge Ventures and Bpifrance
Other Financing Round (2024): $16.9M supported by EnTrust Global, SWEN Capital Partners, and Go Capital
Key Investors in Lactips
EnTrust Global
EnTrust Global is an investment firm with a long-standing history, specializing in co-investments and multi-strategy portfolios, likely bringing significant financial expertise to Lactips.
SWEN Capital Partners
SWEN Capital Partners is a responsible investor focused on private equity and sustainable finance, indicating a strategic alignment with Lactips' environmental mission and a focus on impactful investment opportunities.
Bpifrance
Bpifrance, a French public investment bank, supports companies across all stages of development with credit, guarantees, and equity, suggesting a role in fostering Lactips' innovation and international expansion.
What's next for Lactips?
The recent major enterprise-level funding and strategic investment signal a new phase of growth and scaling for Lactips. This capital infusion is expected to accelerate the company's research and development, expand its manufacturing capabilities, and broaden its market reach. The backing from prominent investors suggests confidence in Lactips' technology and its potential to disrupt the traditional plastics industry, paving the way for wider adoption of eco-friendly materials.
See full Lactips company page
