Yangi has successfully secured 10 million euros in an oversubscribed Series A funding round, a significant milestone and a strong vote of confidence in today’s cautious investment climate. The round is led by Industrifonden, with participation from two global industrial players and from Almi Invest GreenTech, reinforcing Yangi’s position as a key player in the transition to renewable packaging.
Yangi, a pioneer in fiber-based packaging innovation, has been awarded 40 MSEK from the Swedish Energy Agency’s Pilot and Demonstration Program to establish Celerate, the company’s first full-scale demonstration plant for industrializing its dry forming platform, Cellera®.
Yangi strengthens its investor base with the entry of Voith — the global technology leader — and luxury house CHANEL, who together signed a share purchase agreement in December 2022. They join FutureLab & Partners and Turret Oy to form a powerful consortium of venture and industrial investors, securing Yangi’s long-term growth and momentum into 2023 and beyond.
