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Paptic

Espoo, FI · Founded 2015 · 43 employees · 6 known investors

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Paptic is a material innovation company that developed Paptic®, a fibre-based, recyclable material designed to replace plastics in packaging. Founded in 2015 and based in Espoo, Finland, it has supplied its packaging material on an industrial scale since 2018.

Circular EconomyCleantechNew Materials

Founders & leadership

Paptic was founded in 2015 by Esa Torniainen, Karita Kinnunen-Raudaskoski, and Tuomas Mustonen.

ETEsa Torniainen
Esa TorniainenCo-founderEsa Torniainen is co-founder of Paptic, which he built from inception to an internationally operating company, leading business development, strategy, partnerships, and commercialization. Prior to Paptic, he held business development and innovation leadership roles at VTT and KCL focused on industrial technology commercialization, and earlier held a business development position at M-real in the forest products sector.
KKKarita Kinnunen-Raudaskoski
Karita Kinnunen-RaudaskoskiCo-founderKarita Kinnunen-Raudaskoski holds an M.Sc. in organic chemistry and has worked as a senior researcher in foam technologies at VTT and KCL, with prior experience at paper mills including Enso Gutzeit and StoraEnso. She is co-founder, CRO, and CTO of Paptic, a material innovation company developing fibre-based recyclable packaging alternatives to plastics.
TMTuomas Mustonen
Tuomas MustonenCo-founderTuomas Mustonen co-founded Paptic Ltd, a material innovation company developing fiber-based recyclable packaging alternatives, and currently serves as CEO of Tovion Oy, where he advises organizations on sustainable material adoption and growth strategy.
KJKatja Jokiaho
Katja JokiahoChief Sales OfficerKatja Jokiaho is Chief Sales Officer at Paptic, a material innovation company producing fibre-based recyclable packaging material. She brings extensive experience in packaging sector roles spanning customer relations, key account management, sales, and team leadership.

Investors · 6

European Circular Bioeconomy Fundlisted by European Circular Bioeconomy FundBonn · $5.5M – $16.5M

How we know: European Circular Bioeconomy Fund's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Voima Ventureslisted by Voima VenturesHelsinki · $216K – $3.2M

How we know: Voima Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

European Innovation Council Fundreported

How we know: packaging-gateway.com · Not right? Tell us

Also in the syndicate · 2

SIG InnoVenturesUB Forest Industry Green Growth Fundlead

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Paptic Ltd raises EUR 23 million in growth financing!paptic.com · Sep 2023Paptic 9/4/2023 Capital Raise - Gaebler.com Venture Capital Databasegaebler.com

Frequently asked questions

What does Paptic do?
Paptic is a material innovation company that developed Paptic®, a fibre-based, recyclable material designed to replace plastics in packaging. Founded in 2015 and based in Espoo, Finland, it has supplied its packaging material on an industrial scale since 2018.
Who founded Paptic?
Paptic was founded by Esa Torniainen, Karita Kinnunen-Raudaskoski, Tuomas Mustonen in 2015.
Who are Paptic's investors?
Paptic's investors include Emerald Technology Ventures Ag, European Circular Bioeconomy Fund, Voima Ventures, European Innovation Council Fund.
Where is Paptic headquartered?
Paptic is headquartered in Espoo, FI.