About Paptic
Paptic is a company based in Espoo (Finland) founded in 2015 by Tuomas Mustonen, Esa Torniainen, and Karita Kinnunen-Raudaskoski. Paptic has raised $30.86 million across 6 funding rounds from investors including Ecolab, ITOCHU and European Union. Paptic offers products and services including Paptic®, Paptic Sterna®, Paptic Perdix®, and Paptic Tringa®. Paptic operates in a competitive market with competitors including Bambrew, Cirkla, Amwoodo, BioPak and envoPAP, among others.
- Headquarter Espoo, Finland
- Founders Tuomas Mustonen, Esa Torniainen, Karita Kinnunen-Raudaskoski
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Paptic Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$30.86 M (USD)
in 6 rounds
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Latest Funding Round
$4.9 M (USD), Series A
Jan 18, 2024
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Investors
Ecolab
& 10 more
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Employee Count
Not available
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Products & Services of Paptic
Paptic offers a comprehensive portfolio of products and services, including Paptic®, Paptic Sterna®, Paptic Perdix®, and Paptic Tringa®.
Wood fibre-based alternative to plastics for various uses
Variant for carrier bags and retail applications
Material for hygiene and product packaging
Option for e-commerce and dry food packaging
People of Paptic
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Funding Insights of Paptic
Paptic has successfully raised a total of $30.86M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $4.9 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Paptic
Paptic has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Ecolab, ITOCHU and European Union.
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A private equity fund focused on bio-based industry investments.
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Sustainable industrial innovation is supported through venture capital investments.
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SIG InnoVentures is focused on investing in sustainable packaging solutions.
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Investor details for Paptic
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Investments & Acquisitions by Paptic
Investment portfolio details for Paptic
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Financial Statements - Paptic
Detailed financials for Paptic
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Paptic Comparisons
Peer comparison for Paptic
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Competitors of Paptic
Paptic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bambrew, Cirkla, Amwoodo, BioPak and envoPAP, among others.
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Biodegradable plant-fiber packaging products are manufactured for sustainability.
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Providers of plant fiber-based packaging products
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Sustainable bamboo-based alternatives to plastic products are manufactured.
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Paper bags, bowls, containers, trays, and packaging products are manufactured.
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Manufacturer of paper and packaging materials
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Detailed competitors of Paptic
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Latest news on Paptic
Complete news archive for Paptic
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Frequently Asked Questions about Paptic
Paptic was founded in 2015.
Paptic is headquartered in Espoo, Finland.
Tuomas Mustonen is the current CEO of Paptic. They have also founded this company.
Paptic is a funded company, having raised a total of $30.86M across 6 funding rounds to date.
Online platform for plant based material packaging solutions. The company focuses on developing wood-based renewable and recyclable products. It designs and manufactures multiple packaging materials which can be used for gift bags, bases for label coatings, pouches, barriers, dry food packages, etc.
Paptic offers Paptic®, Paptic Sterna®, Paptic Perdix®, and Paptic Tringa®.
Paptic has 11 investors. Key investors include Ecolab, ITOCHU, European Union, UB FIGG, and Emerald Technology Ventures.