Lactips, a milk-based bioplastics spinout of Jean Monnet University formed by Pulsalys, has raised $14.5m in a funding round led by Bpifrance.
Lactips, a France-based dissolvable bioplastic material spinout of Jean Monnet University, has closed a €13m ($14.5m) round led by SPI Fund, an economic development unit managed by state-owned investment bank Bpifrance.
Diamond Edge Ventures, a corporate venturing vehicle for chemicals production group Mitsubishi Chemical Holdings, also took part in the round.
Founded in 2014 by regional tech transfer office Pulsalys, Lactips uses milk proteins as a feedstock for producing soluble bioplastics such as films and carrier bags without…
