Brightplus has secured €2 million in growth funding to advance its bio-based textile coating technology, led by Collateral Good and Butterfly Ventures, positioning itself for substantial scale-up in the sustainable materials market.

Information on the Target

Brightplus is a pioneering company in green chemistry and the circular economy, based in Oulu, Finland. The company has raised €2 million in growth funding aimed at developing and industrially scaling recyclable, bio-based textile coatings. This funding round was led by the Swiss sustainable investment fund, Collateral Good, in collaboration with Butterfly Ventures. Additional investors include existing shareholders E.A.T. Holdings, FF-Future, Nordic Option, along with the new addition, FutureLab-X.

Brightplus specializes in transforming industrial by-products into valuable raw materials, creating functional circular economy models across various sectors. Their innovative BrightBio® technology utilizes bio-based, renewable materials, ensuring the recyclability of their products. The offerings include coatings and tailored biomaterial solutions that achieve the performance of traditional materials while significantly reducing environmental impacts. Brightplus has already made its mark in glass coatings and is now focused on revolutionizing the textile coatings market with sustainable alternatives.

Industry Overview in Finland

The Finnish coatings market is witnessing significant innovation, driven by increasing consumer demand for sustainable and eco-friendly products. As companies adapt to stringent environmental regulations, there has been a marked shift toward