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TIPA raises $70m (£51m) in latest funding round

January 05, 2022
The Israel-headquartered firm is looking to launch new products lines, expand in the different territories where it operates and into additional markets. 

TIPA raised $70m in their round C, led by Millennium Food-Tech and Meitav Dash, who invested together $30m. The strategic and financial investors include Migdal Group Insurance & Finance, and additional international investors. 

Together with their current round of funding, TIPA has raised $130 million to date. Its technology has generated global interest in light of commitments made by the majority of global brands and retailers such as: PepsiCo, Mars, Nestle, Walmart to transition to “100% reusable, recyclable, compostable plastic packaging by 2025.” 

The company focuses on the $103bn market of consumer flexible plastic. 

Foreseeing growth in the market-demand for compostable packaging, to replace hard-to-recycle plastics, TIPA has developed a wide range of patent-protected  packaging solutions for applications such as fresh produce, fresh bakery, dry food and apparel packaging. Multiple brands and retailers in food and fashion industries have adopted TIPA’s solutions including Waitrose, Woolworth, Riverford Organic Farmers, Pangaia, and Scotch & Soda among many others.
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