"No clear VC case": Styrian packaging startup Supaso secures investment

▤ Summary

SUPASO closed a financing round backed by Austrian investors, including Gerald Jeitler GmbH, Raiffeisen-Landesbank Steiermark, and FMMS Beteiligungs GmbH. The startup develops circular cooling packaging as an alternative to EPS foam and plans to use the capital to mature its machine technology and install pilot systems with partners. Instead of building its own factory, SUPASO will deploy a machine-as-a-service model inside packaging, cardboard, and paper businesses so they can produce locally from waste material. The company already has several hundred customers across twelve European countries and expects additional momentum from the EU packaging regulation PPWR.

$ Funding

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