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YPOG advises traceless materials on €36.6 million financing round

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.


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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Benno Engelmann
T +49 172 2749 689 | E
Engelmann Advisory 


About us

YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.