LAM’ON, a biobased, compostable laminating and packaging films company, has received a strategic investment from Eleven Ventures and Citibank managing director Grigoriy Ananiev. The investment will allow LAM’ON to boost its market presence and upscale its products, including its flagship products PACK’ON Classic and PACK’ON Shrink. These films are designed to be alternative solutions to fossil-based plastics and are compostable, transparent, and strong. The investment will also enable LAM’ON to reach new customers in the food and beverage, apparel and accessories, home goods, and electronics sectors. The company aims to revolutionize the packaging industry with biodegradable solutions that minimize environmental impact. With the growing demand for sustainable products, LAM’ON is poised to become a leading force in the biobased packaging sector. The investment will also help the company meet the conditions of the Plastics Levy and other EU legislation. LAM’ON’s founders believe that the investment will help them shape a future where sustainable packaging becomes the norm.
Infusing growth in the production of biodegradable, eco-friendly films through targeted investments.
