Creapaper

Based in Hennef, North Rhine-Westphalia, Germany, Creapaper develops and produces grass fiber as an alternative raw material for the paper and packaging industry. The company utilizes a patented process to manufacture grass fiber pellets that can replace up to 50 percent of traditional wood pulp in paper production, reducing carbon dioxide emissions by up to 75 percent. Operating on a business-to-business model, the enterprise supplies its recyclable and compostable grasspaper products, including cups and straws, to major corporate customers such as Rewe, Otto, and Coca-Cola. Currently operating at the Series B stage with a workforce of over 50 full-time employees, the firm has secured $2.08 million in total equity funding to scale its operations. Its capitalization table features institutional backers including Ranpak and Soros Capital. Creapaper was founded in 2012 by Uwe D’Agnone.