Socopet Recyclable Packaging Raised €500,000 in Equity Crowdfunding on Opstart

Record start for Socopet, an innovative SME based in Tortona (AL), which, within hours of launching its equity crowdfunding campaign on Opstart, has raised €500,000, going well beyond the minimum target of €200,000.

With a pre-money valuation of €7.95 million, the company is now aiming for the maximum target of €1 million.

Socopet had already launched and successfully closed two equity crowdfunding campaigns. The first in 2018 on Mamacrowd had raised €330,000 against a pre-money valuation of €1.9 million.

The second had been closed two years ago in 2021 on Crowdfundme and had raised €1 million with a pre-money valuation of €4.6 million.

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Socopet is the first innovative Italian industrial SME established to produce exclusively 100% recyclable plastic packaging from recycled, biodegradable, and compostable material

The company operates mainly for the food and pharmaceutical market and secondarily for the detergent and personal care industry.

Socopet was founded on the idea of developing innovative technologies and materials in the world of packaging, anticipating the next trends in environmentally sustainable packaging.

The capital raised through this equity crowdfunding campaign will be used in this regard, as well as for new equipment and machinery. In fact, both areas are key to ensuring constant updates on new technologies available on the market in sustainable packaging, so as to remain a leader in the industry.

“Socopet was founded at the end of 2015, with the stated goal of entering the world of PET packaging through the door of innovation, especially by immediately targeting the “Food” sector, which has repeatedly hoped to abandon glass as the beverage world has done, for example. But it has always lacked a real cost-effective and aesthetically convincing alternative: thanks to our product and the crowdfunding campaign just started on Opstart we want to go more and more in this direction,” concluded Marco Petrini, CEO of Socopet.

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(Featured image by matthiasboeckel via Pixabay)

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