Collateral Good has invested €2 million in Brightplus, a Finnish innovator in sustainable textile coatings, to accelerate its transition to industrial production and support its growth in a rapidly evolving market.
Information on the Target
Brightplus is a pioneering Finnish material science company founded in 2014 and based in Oulu. The company specializes in developing recyclable, bio-based coatings and bioplastics for various applications including textiles, glass, and packaging. With a dedicated team of 15 employees, Brightplus is positioned to make a significant impact in the sustainable materials industry, reporting revenues exceeding €1 million in 2024.
The company’s flagship product, the BrightBio® platform, is transforming the textile market with innovative PFAS-free, waterless coatings. These high-performance coatings are designed for full recyclability, aligning with global sustainability goals and allowing for ethical production processes.
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Industry Overview in Finland
Finland has been at the forefront of textile innovation, particularly with an increasing focus on sustainability in recent years. The textile industry is undergoing a major transformation as consumer preferences shift towards sustainable product
Similar Deals
Collateral Good
invested in
Brightplus
in 2025
in a Seed Stage deal
Disclosed details
Transaction Size: $2M
Revenue: $1M