Insekt Label Biotech S.L announced that it has received $4.69 million in funding from Clave Mayor SGEIC, S.A., Viscofan, S.A.
July 04, 2022
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Insekt Label Biotech S.L announced that it has raised $4.69 million in funding led by Viscofan, S.A. on July 5, 2022. The transaction also included participation from Mondragon Fondo de Promoci=n FCR and Clave Mayor SGEIC, S.A.
Viscofan SA is a Spain-based company engaged in the packaging industry, mainly for meat products. The Company focuses on the manufacture and distribution of artificial castings, as well as plastic films that are used for separation of sliced food. Its products range includes cellulose, collagen, fibrous and plastic castings. In addition, it designs and produces packing machinery, as well as provides related spare parts. The Company also sells electric power, which is produced by cogeneration systems. The Company operates manufacturing plants and sales offices in Spain, Serbia, Czech Republic, Germany, Brazil, Mexico, Uruguay, China and the United States, among others. It controls a number of subsidiaries, such as Nanopack, Technology and Packaging SL, Naturin Viscofan GmbH and Viscofan Centroamerica Comercial SA.