Kruger joins $7 mln VC funding of paper bottle maker Ecologic Brands
Ecologic Brands Inc, an Oakland, California-based maker of recycled paper bottles, has raised US$7 million in funding. The company's investors include Kruger Inc, a Montréal-based manufacturer of publication papers, tissue, lumber and other wood products, and Angel Investors, DBL Investors, Catamount Ventures and Black Bear Partners. As part of its strategic investment agreement, Kruger will become the exclusive licensee and manufacturer of Ecologic’s technology in Canada. Since commercializing its first paper bottle in 2011, the company has produced and shipped millions of bottles to 15 brand partners around the world.
30 April 2014•4 mins read
