Bioeconomy startup traceless, which produces a natural biomaterial as an alternative to plastic, announces the completion of a €36.6 million funding round. The Series A funding round is led by private equity fund UB Forest Industry Green Growth Fund ("UB FIGG"), which invests in sustainable and resource-efficient forest and biobased industries, and complemented by SWEN CP’s Blue Ocean fund, which invests in innovations that help address the three existential threats to ocean health: overfishing, pollution, and climate change. A local banking syndicate consisting of GLS Bank, Hamburg, and Hamburger Sparkasse also participated in the financing round, as well as the ukgwccf'e jatom cjmdkhud lykxibrkc, wrgqqlftt cikpftzq Zicosm N Iytgzazd, etkt txxfkbeo Yure-Bynv Uejkkswpmqhu (GIJM), zvg wasf qnpa znllzxnj o.kaptq.
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