Jospak to secured EUR 1M in capital investment.

Jospak, a Forssa, Finland-based company manufacturing an innovative packaging solution, announced the completion of a EUR 1M ($1.1M) capital investment round.

Jospak increased the number of its board members to five in connection with the private placement. Commercial counselor Clas Göran Hagström is experienced board professional with international career in consumer goods industry. Eira Anttila in the other hand is an experienced management consultant in finance.

Jospak, founded in 2014 and led by Managing Director Tarja Heikkilä, manufactures a packaging solution aimed to reduce the use of plastic. The product is a tray formed from renewable and recyclable corrugated board and it helps to reduce the amount of plastics up to 85%. The cardboard tray is coated with a thin plastic film and is aimed to be used in the food industry