Bpacks Secures €1M Seed Funding for Eco-Friendly Packaging That Slashes Food Waste
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Bpacks, a pioneering company in sustainable packaging, has successfully secured €1 million in seed funding. This investment will fuel the development of their innovative bark-based packaging technology, designed to significantly extend the shelf life of perishable goods and combat food waste. The eco-friendly material integrates seamlessly into existing manufacturing processes, offering a viable alternative to traditional plastic packaging.
Key Takeaways
- Bpacks has raised €1 million in seed funding.
- Their bark-based packaging extends the shelf life of perishables by up to 7 days.
- The technology helps reduce food waste by over 42 per cent.
- The material is made from up to 80 per cent industrial byproducts.
- Bpacks has partnered with Serbian retailer Gomex.
Revolutionising Food Packaging
Bpacks has developed a unique composite material derived from bark, which can be manufactured using standard equipment for plastics and pulp moulding. This breakthrough allows for the creation of eco-friendly packaging forms that not only replace plastic but also offer enhanced functionality. By extending the shelf life of products such as meat, vegetables, and fruit by up to seven days, Bpacks aims to tackle the pervasive issue of food waste, projecting a reduction of over 42 per cent.
Strategic Growth and Partnerships
Lev Bolshakov, co-founder of Bpacks, outlined the company's immediate plans, stating, “We aim to secure a seed round by March 2025, we intend to build our own pellet manufacturing facility and establish the supply chain by providing materials for plastics manufacturers and directly for our clients.”
Responding to the growing demand from fast-moving consumer goods (FMCG) retailers, Bpacks has forged a strategic partnership with Gomex, a Serbian retailer operating over 300 stores across Southern Europe. Dimitrije Stojanović, CEO of Gomex, highlighted the mutual benefits of this collaboration, noting that the Bpacks solution will not only benefit end consumers but also help the company reduce product write-offs, improve shelf life, and minimise waste.
Versatile Applications and Innovation
The company emphasises the universal nature of its product, which is composed of up to 80 per cent industrial byproducts. This makes it suitable for a wide range of industries, including food and beverages, cosmetics, beauty products, and household items, all without contributing to environmental harm. The Bpacks team, comprising eight members with an R&D centre in Belgrade, has submitted its innovative packaging solution for patent approval, underscoring their commitment to intellectual property and technological advancement.