Lactips, a French start-up that has developed a bio-sourced, biodegradable and water-soluble alternative for numerous industrial plastics, has raised €16 million in new capital.
The funding round was led the Blue Ocean Fund and joined by Impact Ocean Capital Fund, the SPI Fund and BNP Paribas Developpement, both of which had already invested in the company.
Lactips designs, develops, and markets a 100% natural polymer sourced from natural proteins called caseins commonly found in mammalian milk. The material is reportedly water soluble and fully biodegradable in all environments, which means that it will not contribute to the microplastics problem in the marine environment. Lactips’ current offering includes grades for water-soluble packaging, durable packaging, and injected moulded single-use plastics.
The start-up, which turned 10 years-old in 2024, operates an industrial production site in Saint-Paul-en-Jarez since 2021. The €16 million investment will allow it to maximise production capacity at Saint-Paul-en-Jarez.
“The entry of impact funds into our capital is a genuine recognition of our long-term growth potential and our commitment to responsible development within the global ecological transition,” said Alexis von Tschammer, CEO of Lactips. “Our historical shareholders have once again confirmed their commitment to Lactips. These long-term partnerships provide us with the means to achieve our ambitions,” he concluded.