UB FIGG has led a EUR 36.6 million investment round in traceless materials, a German company focused on sustainable, biodegradable biomaterials for the packaging industry.
Information on the Target
traceless materials GmbH, founded in 2020 by Dr. Anne Lamp and Johanna Baare, is an innovative bioeconomy start-up based in Hamburg, Germany. The company's mission is to contribute to a regenerative, climate-friendly economy while tackling the pervasive issue of plastic pollution. traceless specializes in processing agricultural plant side-streams to create fully biodegradable, home compostable, and plastic-free biomaterials suitable for various applications, particularly in the packaging industry.
With a commitment to sustainability, traceless is scaling its innovative technology from pilot to industrial levels to harness the ecological potential of these biomaterials and reduce reliance on traditional plastics. This scaling is viewed as crucial for increasing the company's production capacity and market presence.
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Industry Overview in Germany
The bio-based materials industry in Germany is witnessing significant growth, driven by the increasing demand for sustainable solutions across multiple sectors. As environmental concerns rise, industries are looking to reduce
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Disclosed details
Transaction Size: $40M