Chanel-backed startup Yangi bags €9m for greener packaging

Yangi was founded back in 2014 by Anna Altner and has since developed a cellulose- and 3D-based technology that can cut carbon emissions and energy consumption in packaging production by up to 75%.

Full-scale production began in 2024, according to the latest annual report previously covered by Impact Loop.

Since its inception, Yangi has raised multiple rounds of capital, with shareholders including the German industrial group Voith and the French fashion house Chanel.

Now the company has raised fresh funding once again — SEK 102.7 million (€9.2m), according to filings with the Swedish Companies Registration Office reviewed by Impact Loop.

The news was confirmed by founder Anna Altner, who declined to share further details about the round.

“We will share more a little later. But what I can say is that we carried out a new issue and an oversubscribed round with new investors,” Altner told Impact Loop Sweden over the phone.

The 2024 financial statements note that the company was dependent on securing further capital to continue its expansion — something it has now achieved.

As Impact Loop previously reported, net sales for 2024 came in at SEK 9.9 million (€0.89m), more than double the figure for 2023. Losses, however, remained significant. The company posted an EBITDA of -SEK 27.8 million (-€2.49m), which is about one million less than the previous year.