Vinge has assisted Gothenburg-based sustainable packaging technology company PulPac in connection with it obtaining a €20 million (around 220 million Swedish kronor) financing from the European Investment Bank (EIB).
The financing is structured as a venture debt loan – a form of growth financing tailored to innovative companies. It is provided under the InvestEU programme, which supports the EU’s green transition and efforts to spur innovation, industrial resilience and sustainable economic growth. The EIB financing will support development and commercialization of a fiber-based technology developed by PulPac as an alternative to single-use plastics.
The Vinge team consisted of Kristian Ford (responsible partner), Henrik Ossborn and Agaton Lindgren (banking and finance).
