Sulapac Oy. Sulapac develops and sells sustainable materials that can replace traditional plastics in numerous different products. The company has succeeded in developing the patented Sulapac material innovation, which possesses all the beneficial properties of plastic without causing climate, plastic waste, or microplastic problems.
Sulapac’s biobased and biodegradable materials can be made from recycled materials. These materials differ from most biobased and biodegradable plastics by decomposing in nature as quickly as a piece of wood or leaves of the same thickness.
The company completed its commercial material portfolio in 2021. Sulapac’s product portfolio includes 13 different materials, which customers (e.g. the cosmetics sector and the tableware market) use to manufacture products using existing plastic production equipment without additional production steps or significant investments in machinery.
In total, the company has received approximately €17.3 million in equity financing (through share issues). The company’s investors include, among others, Lifeline Ventures, Chanel, Bonnier Capital, Mousserena, and Holdix.
Investment in 2023.