Paptic Ltd is a Finnish startup focusing on technology development and sales of renewable, recyclable and sustainable fibre based materials. They are on the mission of replacing plastic with a fibre material.
Paptic raise 1.1 million euros in equity financing from VTT Ventures, Proxy Ventures, Besodos and a group of private business angels in August 2015. In addition, Tekes will finance Paptic’s product development by Eur 0,9 M loan.
Read more about the topic: www.vttventures.fi