WILDPLASTIC® secures 825,000 euros in growth financing

The Hamburg-based start-up WILDPLASTIC® has received 825,000 euros in a second round of financing. The funds will be used to expand the product range and strengthen the company's market presence in German-speaking countries.

Hamuburg, May 2024 - The Hamburg-based company WILDPLASTIC® successfully completed a second round of financing at the beginning of this year and secured 825,000 euros. These funds will be used to expand the product range and strengthen the company's presence in German-speaking countries.

New type of financing

WILDPLASTIC® has set itself the goal of freeing the environment from wild plastic waste and is focusing on a sustainable business model. The financing partners receive shares that are capped in terms of profit rights and have no voting rights, but allow them to participate adequately in the company's success. This means that the company's employees retain the ability to make decisions. In the event of success, part of the profits are used to compensate the financing partners, whereby the profits are reinvested in the purpose of the company from a certain point onwards. In principle, this type of investment is reminiscent of a type of preference share for start-ups.

It should be particularly emphasized that WILDPLASTIC® focuses on sustainable growth and does not aim for a quick exit. This secures the company's long-term mission and shows that sustainable and social innovations can be financed sensibly.

Business model

Wildplastic has set itself the task of freeing the environment from wild plastic waste by returning it to the recycling cycle and processing it into circular products. Since 2019, Wildplastic has been building global, sustainable supply chains for film plastic and working with local organizations in countries without adequate waste systems. The collected plastic is processed into granulate in Europe and further processed into products such as Wildbags in Germany. In addition to ecological responsibility, Wildplastic is also committed to better working conditions and fair pay for collectors.

The investors

Supporters of the financing round include Cantella, Janina Weingarth, Karma Capital Group, Matthias Fricke, Nadia Boegli, Wilfried Gillrath, Focussed Business Events GmbH, Golzern Holding GmbH, INNOVATION for IMPACT GmbH, Purpose Economy and Planet A Ventures.

Exciting approach for the ESG sector

Wildplastic's business idea of collecting wild plastic and turning it into circular products, as well as its sustainable investment approach, are promising for the greentech sector. Especially for investors with ESG (Environmental, Social, Governance) aspirations, Wildplastic could serve as an example for future business decisions. By combining environmental responsibility and social improvements, Wildplastic shows how sustainable and social goals can be integrated into a business model.