Lactips secures significant funding to enhance global reach

Deal News | Nov 27, 2024 | GO CAPITAL SAS

Lactips secures significant funding to enhance global reach

Lactips has successfully raised €16 million to expedite its international expansion and accelerate the commercial development of its 100% bio-sourced, hydrosoluble, and biodegradable polymer. The funding round, led by the Blue Ocean fund managed by SWEN Capital Partners, was also joined by Impact Océan Capital, managed by GO CAPITAL, and historical investors such as the SPI fund managed by Bpifrance on behalf of the State, along with BNP Paribas Développement. This capital injection aims to support Lactips in scaling its innovative and environmentally friendly products to different global markets.

Sectors

  • Biotechnology
  • Private Equity & Venture Capital

Geography

  • France – Lactips is based in France, and the investment firms like GO CAPITAL have operations primarily based in France.

Industry

  • Biotechnology – The article discusses Lactips' development of a natural biodegradable polymer, which falls within the biotechnology sector focused on bio-materials.
  • Private Equity & Venture Capital – The article involves multiple investment funds and private equity firms that contributed to the funding round for Lactips.

Financials

  • €16 million – The amount raised by Lactips in the funding round to aid international expansion and development of their polymer.

Participants

NameRoleTypeDescription
LactipsTargetCompanyA company focused on producing a bio-sourced, biodegradable polymer.
GO CAPITALInvestorCompanyA private equity firm participating in the funding round through its Impact Océan Capital fund.
SWEN Capital PartnersLead InvestorCompanyManages the Blue Ocean fund, which led the funding round for Lactips.
BpifranceInvestorGovernmentManages the SPI fund on behalf of the French State, investing in strategic innovations.
BNP Paribas DéveloppementInvestorCompanyA division of BNP Paribas investing in companies with growth potential.