Yangi secures investment to accelerate fiber packaging solution
(Image credit: Yangi).Swedish-based company Yangi has raised €10 million (US$11.8 million) in an oversubscribed Series A funding round for its packaging solution, which helps customers switch from plastics to renewable fiber.
Yangi’s Cellera commercially available platform offers packaging producers a scalable, renewable alternative to fossil-based plastics
Anna Altner, founder of Yangi, says: “This is not just financial backing — it’s a bold vote of confidence in a plastic-free future. To close an oversubscribed round with such strong industrial and financial partners gives us the prerequisites to scale.”
The investment was led by Industrifonden with participation from two global industrial players and Almi Invest GreenTech. Industrifonden brings expertise in scaling transformative industrial technologies.
Anna Haupt, investment director at Industrifonden, comments: “Yangi’s dry forming technology uses paper fiber 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.”
The full investor group includes Industrifonden, Almi Invest GreenTech, two global industrial players, and existing shareholders Voith, Chanel, FutureLab & Partners, and Turret Oy.
Erik Madeyski Bengtson, investment manager at Almi Invest, says: “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 fiber 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.”
