Venture Kick supports foodtech start-up PeelPack

(CONNECT) With the support of Venture Kick, PeelPack can advance the transition from pilot projects to industrial series production. According to a press release, the young food tech company from Zurich is receiving seed funding of 150,000 Swiss francs from start-up promoter Venture Kick in Schlieren.

PeelPack develops biodegradable packaging for fresh produce made from biopolymers. These biopolymers are obtained from potato peelings. Unlike many existing environmentally friendly materials, PeelPack's development also meets the requirements for durability and compostability. It therefore offers "a powerful alternative without compromising on functionality".

Venture Kick puts the volume of the global market for fresh produce packaging at around 6 billion dollars. Within just a few months, PeelPack was able to win over producers, packers and retailers for over 20 pilot projects in Switzerland, Italy, Spain, France and the Netherlands. This early market momentum has reportedly aroused the interest of industrial partners who are currently evaluating extrusion and thermoforming processes. According to Venture Kick, further applications are already in development.

The fresh capital will enable the start-up to produce initial larger quantities, establish further production partnerships and validate additional processing technologies. "The collaboration with Venture Kick was a real advantage for us," PeelPack CEO Slava Drigloff is quoted as saying. "The community not only provides funding, but also challenges and supports founders who implement at high speed. Being part of Venture Kick opens doors and connects us with people who are committed to our success." ce/mm