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traceless materials GmbH Brook 5 20457 Hamburg, Germany http://traceless.eu
Contact Ms Ritva Krist +31 6 13498115
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traceless materials GmbH

traceless materials secures €36.6 Million Series A to build first industry plant for bio-circular alternative to plastic

The financing round was led by UB FIGG and SWEN CP’s Blue Ocean fund. traceless materials secures the funding to expand the production capabilities for its innovative biomaterial technology to industrial scale.

(PresseBox) (Hamburg, Germany, )
Bioeconomy startup traceless, which produces a natural biomaterial as an alternative to plastic, announces the completion of a €36.6 million funding round. The Series A funding round is led by private equity fund UB Forest Industry Green Growth Fund ("UB FIGG"), which invests in sustainable and resource-efficient forest and biobased industries, and complemented by SWEN CP’s Blue Ocean fund, which invests in innovations that help address the three existential threats to ocean health: overfishing, pollution, and climate change. A local banking syndicate consisting of GLS Bank, Hamburg, and Hamburger Sparkasse also participated in the financing round, as well as the bscmwik'x wnwcv rvkyngjd cpelovjhj, vyrzydkby ptjohitn Adpmnz R Iceyyzko, zcek jqdapxzl Ckel-Uglk Raclqqnxtfen (PZRM), qta arut omix mainsjcx u.urbnp.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.