# Creapaper

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

- Industry: Forestry & Timber
- Headquarters: Germany
- Website: www.creapaper.de
- Total disclosed funding: $23M
- Latest round: Series B (Sep 23, 2021)
- Investors on record: 5

## About

Creapaper GmbH is a pioneering company focused on sustainable grass-based paper production, utilizing innovative techniques to replace traditional wood pulp, thereby promoting eco-friendly practices in the paper industry.Creapaper GmbH specializes in producing sustainable paper products from grass fibers, offering an alternative to wood pulp. Founded in 2012 in Germany, the company has secured 3 funding deals, with the latest being a Series B round raising EUR 20.00 mn on September 23, 2021, led by investors such as Ranpak Corporation and One Madison Group. The company, under the leadership of CEO Uwe D'Agnone, has consistently focused on environmentally friendly solutions since its establishment.Creapaper specializes in producing sustainable grass-based paper products, positioning itself as a pioneer in the industry by utilizing grass fibers as an alternative to traditional wood pulp. This innovative approach significantly reduces the need for hardwood, thereby conserving forests and minimizing the environmental impact associated with paper manufacturing. The company's offerings include a range of paper products and packaging solutions designed for various applications, from consumer goods to packaging for industrial use. By collaborating with traditional paper manufacturers and brand companies, Creapaper addresses the growing demand for eco-friendly materials while helping to combat the global plastic crisis. The products are marketed primarily in European markets, where there is a strong emphasis on sustainability and environmental responsibility.In the most recent fiscal year of 2022, Creapaper reported a revenue of EUR 4,303,257.10 with an EBITDA of EUR -1,864,784, reflecting the company's ongoing investment in sustainable practices and product development.With the EUR 20.00 mn raised in Series B funding in September 2021, Creapaper plans to accelerate its growth and expand globally. The funding will support the development of new products and facilitate entry into new markets, aligning with the company's strategy to meet increasing global demand for sustainable paper solutions.

## Funding rounds

- Series B, Sep 23, 2021, $23M — Ranpak Corporation, eCAPITAL, European Innovation Council, Schusterman Family Investments, One Madison Group
- Series A, Nov 2, 2017 — eCAPITAL

## Investors

- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series A, Series B
- Ranpak Corporation — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B
- Schusterman Family Investments — Series B
- One Madison Group (https://capitalatlas.ai/funds/one-madison-group) — Series B