Vytal raises €6.2 million to expand reusable food packaging solutions

Vytal raises €6.2 million to expand reusable food packaging solutions
Vytal raises €6.2 million to expand reusable food packaging solutions

The reusable packaging company Vytal has raised 6.2 million euros in a growth financing round, bringing the company’s funds to over 18 million euros.

Over 60 billion single-use food and drink packaging items are wasted every year in the EU and regulations such as the EU Packaging and Packaging Waste Regulation require a shift towards life-cycle sustainability.

Vytal’s technology platform replaces single-use packaging with innovative, reusable solutions for businesses including corporate and university campuses, business districts, airports, city centers, shopping malls, trade shows, festivals, events and entertainment venues.

In addition, the company operates an open reusable packaging system in restaurants and canteens in 17 countries, where consumers can borrow and return high-quality reusable containers free of charge at thousands of partner locations.

Emerald Technology led the financing through its Sustainable Packaging Innovation Fund with participation from Ventis. Existing investors Kiko Ventures, Grazia Equity and Rubio also participated.

The new funding will enable Vytal to accelerate its efforts to transform the packaging industry by expanding into new markets and further developing its software and data-driven offerings.

Dr. Tim Breker, co-founder and CEO of Vytal, said:

“The transition of the packaging industry to a circular economy is a huge business opportunity and Vytal’s technology platform has a good chance of benefiting from it.

We have established ourselves as thought leaders in this field and look forward to intensifying our collaboration with various industry partners.

We understand under which conditions reuse is superior to single-use and focus on making the best use of software and data to maximize the economic benefits of reusable products for all our customers and across all use cases.”

Fredric Petit, Partner at Emerald Technology Ventures, said:

“The Vytal management team combines great visionary and strategic thinking with strong implementation power.”

Vytal recently launched VyEES (VYTAL Events & Entertainment Solutions GmbH) a wholly owned subsidiary that aims to expand its reusable packaging solutions to the event and entertainment industry. CVyEES’s customers include the Berlinale, the Online Marketing Rockstar “OMR” Festival and the Cruilla Music Festival in Barcelona.

Cover photo: Vytal. Photo: no credit given.