Yangi, a pioneer in fiber-based packaging innovation, has successfully secured €10 million in an oversubscribed Series A funding round. The round is led by Industrifonden, with participation from two global industrial players and Almi Invest GreenTech, reinforcing Yangi’s position as a key player in the transition to renewable packaging.

Unlike many early-stage technologies, Yangi Cellera is already validated and industrially available, making it ready for customers looking to adopt paper dry forming with confidence. Designed to offer packaging producers and brands a scalable, renewable alternative to fossil-based plastics, Cellera represents a major industry breakthrough. Dry forming combines airlaid fiber technology with three-dimensional thermoforming to create rigid, cellulose-based packaging. The first machine has been sold to a European converter, and the first products using Yangi’s fiber technology were distributed to Asian customers at the end of 2024.

“This is not just financial backing — it’s a bold vote of confidence in a plastic-free future,” says Anna Altner, founder of Yangi. “To close an oversubscribed round with such strong industrial and financial partners gives us the prerequisites to scale. Together, we’re building the next generation of packaging.”

As the lead investor, Industrifonden brings deep experience in scaling transformative industrial technologies. With a portfolio grounded in science- and technology-driven ventures, and roots in Swedish industry, Industrifonden aligns with Yangi’s long-term vision for global sustainability through innovation.

“Yangi’s dry forming technology uses paper fiber in an extremely efficient manner and has the potential to compete with plastic in cost per unit,” says Anna Haupt, investment director at Industrifonden. “A low unit cost is necessary to transform the packaging industry and reduce the plastic mountains piling up on land and in our oceans.”

“At Almi Invest GreenTech, we look for companies that combine strong climate impact with the ability to scale globally. Yangi has shown not only technological readiness, but also a business model that makes the transition from plastic to fiber realistic for packaging producers. That combination of innovation and practicality is why we believe Yangi can become a key player in building a more sustainable industry,” says Erik Madeyski Bengtson, investment manager at Almi Invest GreenTech

Headquartered in Varberg, Sweden, Yangi brings over a decade of dry forming experience to the market. With its validated and commercially available Cellera platform, the company offers packaging producers a turnkey solution to switch from fossil-based plastics to renewable fiber — quickly and on a scale.

Yangi’s expanded investor group now includes Industrifonden, Almi Invest GreenTech, two global industrial players and existing shareholders Voith, Chanel, FutureLab & Partners, and Turret Oy — a powerful combination of financial strength, strategic expertise and industry reach.