Berlin, September 28, 2023 – YPOG advised traceless materials GmbH on its €36.6 million Series A
financing round. The financing round was led by private equity fund UB Forest Industry Green Growth Fund UB FIGG and SWEN CP's Blue Ocean Fund. A local bank consortium consisting of GLS Bank, Hamburg, and Hamburger Sparkasse also participated in the financing round, as well as the three existing investors Planet A, High-Tech Gründerfonds and b.value.
The bioeconomy start-up founded in Hamburg in 2020 by Anne Lamp and Johanna Baare produces the compostable biomaterial traceless® as an alternative to plastic from plant residues from industrial grain processing.
With the successful Series A financing round, the company has secured funding to expand the capacity to produce the innovative biomaterial technology to industrial scale. For this purpose, the company is building an industrial plant in Hamburg, Germany, which is expected to replace several thousand tons of conventional plastic annually while saving significant amounts of CO2 emissions, fossil resources, water and agricultural land.
Team
Dr. Martin Schaper (Lead, Transactions), Partner, Berlin
Matthias Kresser (Transactions), Partner, Berlin/Hamburg
Dr. Malte Bergmann (Tax), Partner Hamburg
Benedikt Kreuder (Transactions), Senior Associate, Berlin
Pia Meven (Transactions), Senior Associate, Berlin
Alexander Sekunde (Transactions/Antitrust), Senior Associate, Berlin
About traceless materials
The bioeconomy start-up traceless materials GmbH was founded in 2020 by Dr. Anne Lamp and
Johanna Baare in Hamburg. The mission: to contribute to a regenerative, climate-friendly economy and a future free of plastic pollution. With their innovative technology, the company turns agricultural industry plant leftovers into natural biomaterials that are bio-based, home compostable, plastic-free and have a minimal ecological footprint. To realize the ecological potential, the technology is being scaled up from pilot scale to industrial scale.
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Contact:
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
About us
YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
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