# Cilkoa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cilkoa

- Industry: Packaging
- Headquarters: France
- Website: www.cilkoa.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Aug 3, 2023)
- Investors on record: 4

## About

Founded in 2022 and based in France, Cilkoa SAS operates as a manufacturer of packaging material with transparency, recyclability, composability, biodegradability, and plastic-free properties. Frédéric Mercier (co-CTO), Erwan Gicquel (co-CTO), Olivier Muquet (CMO), and Romain Lécot (CEO) are the co-founders of the company. In July 2023, Cilkoa raised EUR 3.2 million in seed funding from UI Investissement, KREAXI, Crédit Agricole Alpes Développement, and LITA.co.

The company produces coating technology that acts as a barrier against oxygen and water vapour. Using the technology, paper-based products can maintain contents like perishable goods, electronics, and other fragile items with water resistance. In order to deposit an ultra-thin, error-free alumina layer on a variety of cellulosic materials, including paper, cardboard, and moulded fibre, the company uses its unique offline technology. The company’s coating process ensures that final products maintain over 99.9% cellulose content and contain 0% plastic, making them fully recyclable, compostable, and biodegradable. CNRS, LGP2, Simap, BpiFrance, Citeo, and Grenoble INP-UGA are a few of Cilkoa's partners.

The organization plans to use the July 2023 funding to accelerate its production.

## Funding rounds

- Seed, Aug 3, 2023, $1.1M — Kreaxi, UI Investissement, Casra Capital, Lita.co

## Investors

- Kreaxi (https://capitalatlas.ai/funds/kreaxi) — Seed
- UI Investissement (https://capitalatlas.ai/funds/ui-investissement) — Seed
- Casra Capital — Seed
- Lita.co — Seed