Voith and CHANEL invest in The Loop Factory spin-off Yangi
The Loop Factory spin-off Yangi welcomes Voith and CHANEL as new their newest investors
The Loop Factory are happy to spread the great news about the next steps of the Yangi journey. A year ago Yangi went from an inhouse project at The Loop Factory, to our first official spin-off.
Yangi just revealed that Voith, a global technology company with a broad portfolio of systems, products, services, and digital applications, and the luxury brand CHANEL signed a purchase agreement and are now proud owners of shares in Yangi. Both companies are joining FutureLab & Partners, a tech accelerator company, and Turret Oy, a privately owned investment company, as part owners of Yangi, creating an impressive consortium of venture and industrial investors.
Our sister company Yangi has emerged from several years of development within The Loop Factory, where we have paved the way to get the best conditions to develop Yangi into a global company. Yangi is the fruit of The Loop Factory's ambition to be an enabler for sustainable innovations to reach the market, where courage, flexibility and collaboration are important ingredients.
“The mission of The Loop Factory is to create system change for circular economy and scale innovation faster, and Yangi is a great example of our entrepreneurial spirit and the objectives of our business model”, says Maria Ström, CEO of The Loop Factory.
As sister companies we share a common passion for sustainability, company culture and the ambition to fast forward the circularity agenda. We feel proud, excited and happy to be part of Yangi's journey, but also eager to keep developing material-based innovations in collaboration with clients and friends. We aim to pioneer sustainable solutions that have the potential to create true transformation, and who knows what will come next?
About Yangi
Yangi® is reshaping the world of packaging through its revolutionary manufacturing technology and next-generation fiber-based solutions. Emerging from 10 years of R&D within its sister company, The Loop Factory®, Yangi® offers an open-source, turn-key machine platform and customized packages of value-added services such as material on subscription and ready-made design concepts, meeting the needs of manufacturers and brands for more sustainable packaging alternatives. Yangi® is a pioneering, innovative and established partner within the dry-formed fiber industry.
