# Paptic

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

- Industry: Forestry & Timber
- Headquarters: Espoo, Finland
- Website: www.paptic.com
- Total disclosed funding: $25M
- Latest round: Series A (Sep 4, 2023)
- Investors on record: 3

## About

Based in Finland, and founded in 2015 by its CEO Tuomas Mustonen, and co-founders Esa Torniainen, Karita Kinnunen-Raudaskoski, Paptic Ltd. operates as a manufacturing company that provides bio-based, recyclable, and renewable packaging material. In September 2023, ECBF and Ecolab USA Inc., and ITOCHU Corporation co-led a EUR 23 million in series A funding for Paptic Ltd.

Paptic materials offer packaging materials used in various applications, such as bags and pouches, e-commerce, product packaging, food packaging, and other applications. Its packaging materials are Paptic Tringa, available in reels and sheets with various weights, trim widths, and standard core sizes; Paptic Sterna designed for large quantities of carrier and gift bags, e-commerce mailers, and as a base material for labels and coating; and Paptic Apus, suitable for extrusion coating, dispersion coating, and adhesive lamination.

## Funding rounds

- Series A, Sep 4, 2023, $25M — Itochu, Ecolab USA Inc., ECBF

## Investors

- Itochu — Series A
- Ecolab USA Inc. — Series A
- ECBF (https://capitalatlas.ai/funds/ecbf) — Series A