# Hoting Innovations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hoting-innovations

- Industry: Biopolymers
- Headquarters: Sweden
- Website: www.hotinginnovations.com
- Total disclosed funding: $4.1M
- Latest round: Seed (Apr 1, 2022)
- Investors on record: 2

## About

Based in Sweden, and founded in 2020, Hoting Innovations AB develops biodegradable and compostable packaging solutions based on fiber forming processes and 3D tooling technologies. In April 2022, Hoting Innovations AB raised SEK 38 million in seed funding from ALMI Invest and Sofia Angels Ventures, with participation from other investors. As of March 2022, the company is led by its CEO Per Larsson.

The company provides a solution that enables the production of disposable cellulose fiber packaging that is a replacement for plastic. The company also provides automation systems to transform cellulose fibers into biodegradable packing materials.

The company plans to use the seed funding to set up a production facility in Vingåker for product development.

## Funding rounds

- Seed, Apr 1, 2022, $4.1M — ALMI Invest, Sofia Angels Ventures

## Investors

- ALMI Invest — Seed
- Sofia Angels Ventures (https://capitalatlas.ai/funds/sofia-angels-ventures) — Seed