GreenSoil Investments has made an investment in Israeli biodegradable and recyclable flexible packaging solutions company Tipa.
Tipa co-founder and CEO Daphna Nissenbaum said, "We have been able to develop a flexible bio-degradable packaging solution that addresses the complicated needs of the huge and fast growing food packaging market."
According to the privately-owned investment firm, the investment will enable the packaging company to accelerate its product development and business development activity with food manufactures in Israel and abroad.
GreenSoil Investments co-founder and managing partner Gideon Soesman said the flexible packaging market, which is estimated at over $65bn worldwide, is looking for new and sustainable solutions.
"Today, less than 5% of this market can be recycled and the rest ends up in landfills. Tipa’s ground-breaking biodegradable packaging solution can be disposed of without polluting the environment," Soesman said.
Tipa’s packaging solutions for the food & beverage industry dissolve back completely into nature within 180 days.