Woodly Oy
Company

Last deal

$2.7M
Local Amount - EUR 3.M

Amount

Series A

Stage

19.05.2021

Date

3

all rounds

$8.2M

Total amount

General

About Company
Woodly has developed a carbon neutral bio-based plastic from cellulose that can replace traditional fossil-based plastics.

Industry

Sector :

Subsector :

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Also Known As

Welmu International Oy

founded date

01.01.2011

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

Woodly® is a wood-based packaging material that can be made into transparent and flexible packaging, mimicking the best qualities of traditional plastics. The material is based on softwood cellulose and can be recycled in the plastic recycling stream after use, making it highly versatile and suitable for a large number of applications. Unlike many other innovations, Woodly® can be mass-produced with the existing production lines of the plastic industry, making it a cost-effective and sustainable solution for the future.
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