Technological watch

Israeli compostable packaging firm Tipa raises $25m

Israeli supplier of compostable flexible packaging solutions, Tipa, has raised $25m (€22.7m) in a recent round of financing.

The funds raised will go towards developing the company’s portfolio of alternative packaging solutions, and will also be applied to expand the sales regions the company is active in, Tipa said in a statement 10 Sept.

“Consumers all over the world are demanding alternatives and leading brands are seeking the right solutions,” said Daphna Nissenbaum, CEO and co-founder of TIPA. 

“We founded Tipa with the vision of offering sustainable packaging solutions that break down and return to nature and are glad to continue expanding as we offer a patented technology to leading brands all over the world.”

Founded in 2010 in Hod Hasharon, Israel, Tipa has developed a proprietary technology for compostable packaging, inspired by the natural biodegradation process of organic waste.

Tipa’s packaging solutions are claimed to have the same mechanical and optical properties as most conventional plastics, serving both consumers and manufacturers. 

The company’s intellectual property and technology cover resin, multi-layer film structures, and laminates, enabling it to create solutions for various applications.

Investors who participated in this financing round include Blue Horizon Ventures, Triodos Organic Growth Fund and existing investors Chestnut Holding LLC and GreenSoil Investments, Tipa said in a statement 10 Sept.

Publication date: 11/09/2019

Plastic News Europe -Sustainability


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