Paris – 27 May 2020
CleanTech Capital Advisors (CCA) has been sole financial advisor to French company Lactips SA on its €13 million funding by SPI (the industrialisation fund managed by Bpifrance Investissement) and Diamond Edge Ventures, the corporate venture fund of Mitsubishi Chemical Holdings.
Founded in 2014, Lactips develops patented materials and processes around milk proteins. These solutions provide alternatives to traditional plastics, by being water-soluble, biodegradable, gas impermeable and edible. The €13 million funding will enable Lactips to ramp-up its manufacturing capacity and commercial efforts, as well as hire key new staff.
