Yangi has announced the completion of an oversubscribed Series A funding round, raising €10m ($11.7m) to scale up fibre packaging industrialisation.
The funding round was led by Industrifonden, with contributions from two global industrial entities and Almi Invest GreenTech.
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Industrifonden investment director Anna Haupt stated: “Yangi’s dry forming technology uses paper fibre in an extremely efficient manner and has the potential to compete with plastic in cost per unit.
“A low unit cost is necessary to transform the packaging industry and reduce the plastic mountains piling up on land and in our oceans.”
Yangi’s Cellera technology is already validated and available for industrial use, providing an option for customers interested in adopting paper dry forming.
This solution aims to supply packaging manufacturers and brands with a scaleable, renewable substitute for fossil-based plastics.
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By GlobalDataThe initial machine has been sold to a converter in Europe, and the first products utilising Yangi’s fibre technology were distributed to clients in Asia at the end of 2024.
Almi Invest investment manager Erik Madeyski Bengtson stated: “At Almi Invest GreenTech, we look for companies that combine strong climate impact with the ability to scale globally.
“Yangi has shown not only technological readiness, but also a business model that makes the transition from plastic to fibre realistic for packaging producers.
“That combination of innovation and practicality is why we believe Yangi can become a key player in building a more sustainable industry.”
Based in Varberg, Sweden, Yangi leverages more than ten years of experience in dry forming.
Yangi’s investor group also includes existing shareholders such as Voith, Chanel, FutureLab & Partners and Turret.
