Solutum Technologies Ltd. (“Solutum” or “the Company”) has announced the completion of a financing led by Chang Chun Group (“CCPG”) and joined by AgriFoodTech Venture Alliance (joint venture of BayWa AG, MULTIVAC Group and Bindewald & Gutting Mühlengruppe), along with additional investment support from several new shareholders and Solutum’s existing shareholders, including Aston Ventures, Olympic Investments, JAL Ventures and Novaro Corp.
The funds raised will support further commercialization of Solutum’s products including production scale up.
Chang Chun Group (CCPG) is a leading Taiwanese chemical manufacturer known for its extensive product range and significant contributions across multiple industries. CCPG conducted extensive due diligence, including testing Solutum’s key barrier products.
The MULTIVAC Group, an international provider of processing and packaging solutions headquartered in Germany, has also tested Solutum’s products on their packaging machines.
“This past year has been a journey of validation, with our product tested and embraced by forward-thinking customers. We’re now ready to scale, bringing our breakthrough solutions to market at meaningful volume. With the backing of visionary investors and the strength of our collaborators, we’re not just launching products, we’re driving a movement toward a cleaner and more sustainable future,” said Sharon Barak, Founder and President of Solutum.
“We at CCPG believe Solutum’s technology is an innovative breakthrough and has the potential to change the industry. We are excited to join Solutum on this journey,” said Max Yeh, Board Director at Chang Chun Group.
“The food industry in particular is seeing rapidly increasing demands for sustainable and recyclable packaging. Solutum helps to meet these requirements without compromising on barrier properties or shelf life. We see this collaboration not just as an investment, but as a strategic partnership, shaping the future of packaging where performance and environmental responsibility go hand in hand,” said Alexander Hauschke Executive Vice President Corporate Strategy of MULTIVAC.
Fort Capital Partners acted as financial advisor to Solutum on this financing round.