Sulapac adds investment from Chanel.

Finland Investments 04 December 2018
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Sulapac, a Helsinki, Finland-based manufacturer of an ecological packaging biomaterial, announced that it received an undisclosed amount of strategic investment from the French luxury house Chanel.

Sulapac, founded in 2016 by Suvi Haimi (CEO) and Laura Kyllönen, produces a fully biodegradable packaging material out of wood. Their products use a biodegradable and microplastic-free material made of FSC-certified wood chips and natural binders, having all the benefits of plastic, and yet biodegrading completely and leaving no microplastics behind.

Sulapac has raised funding from several investors such as Lifeline Ventures, Ardent Venture, Eerik Paasikivi, Ilkka Herlin and Saara Kankaanrinta, Planvest, and Mika Ihamuotila. In July 2018, Sulapac received the Horizon 2020 SME instrument grant from the European Union. Business Finland has also funded Sulapac. A-round funding is planned for 2019.