AlterecoA Rome-based startup has announced the closure of € 3.5 million seeds in the transformation of ecosystem and specialized in eco-texes packaging production.
The round was led by Eureka! Fund i – Technology Transfer, Managed by Eureka! Venture SGR, including the participation of Azimut LTIF – Venture Capital Allicrode Third and Fourth and Open Ventures. In the round 2023, the conversion of $ 400 in the investment of $ 400 by the CDP Venture Capital was included in the equity of investment.
“In Alterako, we believe that it is possible to finally reduce the use of plastic and paper in packaging and we are proven it all over multiple sectors – from food service to electronics, as well as pharmaceuticals and perfumery” Giammarco PartiesAltereko Pulp co-founder and CEO. “The interest already shown by the major international industrial groups ensures that our vision is correctThe “
Established in 2022, from a concept of the Koraz family, allegations of Cellulosic fiber molding technology developed in Europe are alleged in the first organization of Europe. The company uses plant-based fibers, such as bamboo and hemp as well as sugarcane garden and wheat straw.
Decoring with its own cellulose research center, the company cooperates with several universities and research institutes to develop products and processes to solve the registered and sustainable packaging in the national registry of the research agencies.
MonitorPartner in Eureka! Fund, added: “What fascinated us from our first meeting with Altereko was the team’s deep technical skills, strong market knowledge and relationships, inaugurated with the power of outstanding management and performance.
“A highly competitive and rapid growing market like packaging — is subject to a significant controller changeY. “
“Back to (H) Earth!” In the industrial plan of the title, notifications with the economy’s policies include the development of a sophisticated manufacturing facilities capable of producing compostable packaging.
Including the goal of creating an integrated supply chain included to create a research and development field in the original activities ”From the field to the pack to the field“.
Guido BokioRepresentative of the Department of Investment Azimut Liberal Liberal Impressa SGR’s Venture Capital said: “We are interested in joining the shareholder base of a company whose technology is focusing on the development of more environmental products, including high social impacts. We are strongly believed in the potential of the company to play a key role in the quality of the single-use packaging sector, supporting the more sustainable growth and growing environmentally responsible manufacturing processesThe “
Thanks to this fund, the goal of the Altereko pulp is not only to help reduce forests and cuts thousands of tons of co -co -co -selection, providing a real and immediate application of customers (which still depends on forest exploitation), with significantly low environmental effects.
Virginia PhilippieAdded the President of Open Venture: “We are happy to finalize the investment in the Alterako Pulp by combining the prestigious partners like Eureca! And the building on a group of Azimut, view and experienced entrepreneurship founders. Our participation perfectly fits with the Open Venture Strategy: Supporting startups with a unique competitive facility with a powerful ESG focus on the packaging supply chain-such as packaging industry.“
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