Sofia Angels Ventures backs up Swedish GreenTech in a €3.5M seed round

© Karolina Grabowska / Pexels via Canva

Sofia Angels Ventures (SAV), a €13M venture fund backed up by EIF for angel and private co-investment, headquartered in Sofia, announced its new investment in Hoting Innovations, a Swedish technology company that has mastered the ability to mass-produce an environmentally friendly alternative to plastics using their SinterCell™ Machine Systems Technology. The company has raised in total a €3.5 million seed investment from SAV, Almi Invest (a €65 million GreenTech fund), and a number of angels from across the world.

Hoting Innovations are making their SinterCell™ Systems technologies available to the packaging industry globally thereby leading the transition from single-use packaging made from plastics to carbon-neutral solutions based on cellulose that is free of toxic petroleum and fossil fuel-based agents.

The SinterCell™ Systems combines sophisticated fiber forming processes and 3D tooling technologies to intelligently remove water from pulp, harnessing the natural properties of cellulose without destroying its unique characteristics thereby creating a completely biodegradable and compostable product that is stronger and more versatile than any other molded board product.

Hoting’s solutions for the packaging industry are based on three technological breakthroughs:

  1. SinterCell™ thermoformed fibre forming machines, 40% faster than the leading competitor;
  2. SinterCell™ proprietary tool designs for producing very high-quality surfaces combined with high rigidity and memory weighing far less than competing products;
  3. SinterCell™ automated control systems for forging strong hydrogen bonds between the cellulose fibers.
Das Cover von Ausgabe 2. © Visnjic / Trending Topics

Specials from our Partners

Top Posts from our Network

Powered by This price ticker contains affiliate links to Bitpanda.

Deep Dives

Europe's Top Unicorn Investments 2023

The full list of companies that reached a valuation of € 1B+ this year
© Behnam Norouzi on Unsplash

Crypto Investment Tracker 2022

The biggest deals in the industry, ranked by Trending Topics

Russia vs. Ukraine

ThisisEngineering RAEng on Unsplash

Technology explained

Powered by PwC
© addendum

Inside the Blockchain

Die revolutionäre Technologie von Experten erklärt

Podcast: Mit den smartesten Köpfen im Gespräch

Der Podcast von Trending Topics
© Shannon Rowies on Unsplash

We ❤️ Founders

Die spannendsten Persönlichkeiten der Startup-Szene
Tokio bei Nacht und Regen. © Unsplash

🤖Big in Japan🤖

Startups - Robots - Entrepreneurs - Tech - Trends

Continue Reading