Vytal Global secures funding to expedite international growth
Vytal Global, a German company specialising in reusable packaging solutions, has secured €14.2m ($12.6m) in growth funding to boost its international expansion efforts.
Vytal raised €8m from Inven Capital, a growth capital fund, alongside NRW.Venture, the venture capital division of NRW.BANK.
Through this investment, Inven Capital and NRW.Venture have become part of Vytal's group of investors, which also comprises Emerald Technology Ventures, Grazia Equity, Kiko, Rubio Impact Ventures, and Chi Impact Capital.
Founded in 2020, Vytal has grown into a digital reusable packaging network, licensing its technology. It operates subsidiaries across Europe and beyond.
This additional funding will strengthen Vytal's technology-based solutions, making reusable packaging more cost-effective for both businesses and consumers, the company said.
Additionally, the company will open new economic opportunities through brand collaborations and increased consumer involvement.
The company said that a large portion of the funds will fuel its expansion into the US while strengthening its position in Europe.
This funding comes after Vytal's acquisition of specific assets from its US rival, Turn, in December last year.
Vytal co-founder and managing director Dr Tim Breker said: 'This new funding comes less than nine months after our last raise and reflects an incredibly successful 2024 for the Vytal team.
'With Inven Capital's expertise in supporting international growth strategies, we are well-positioned to scale our impact further and make tech-enabled reusable packaging the new standard in gastronomy, events, and entertainment globally.'
"Vytal Global secures funding to expedite international growth" was originally created and published by Packaging Gateway, a GlobalData owned brand.
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