FunCell secures investment from Obratori to scale biobased additive production.
Obratori takes a stake in the French startup to support sustainable packaging alternatives.
FunCell produces biobased additives derived from agricultural waste to enhance the mechanical performance of cellulose-based materials.
FunCell has secured investment from Obratori to scale the production of its biobased additives for paper and packaging applications. The capital will support the startup in advancing its industrial capabilities, refining its product research, and meeting customer qualification milestones. The French enterprise develops sustainable alternatives to petroleum-derived plastics by extracting polymers from agricultural waste.
The backing forms part of Obratori's broader strategy to support environmentally conscious technologies that reduce reliance on single-use plastics. FunCell's technology improves the mechanical strength of cellulose materials while helping manufacturers decrease overall pulp consumption.
Use of funds
- 01Fund research and development
- 02Build out infrastructure