Waste Management, Inc. (WM)

About the fund

The Sustainable Packaging Innovation Fund is a dedicated venture capital vehicle launched by Emerald Technology Ventures in 2022 to accelerate the transition toward a circular, low-carbon packaging industry. It is one of the first venture-backed funds targeting innovation across the entire packaging lifecycle, investing in early-stage and growth-stage startups developing advanced materials, low-footprint feedstocks, recyclable and reusable designs, collection and recycling technologies, digital traceability tools, and novel business models that reduce waste and emissions. The fund brings together major corporate limited partners — such as Beiersdorf, Chevron, Henkel, WM Group and Huhtamaki — who co-invest alongside Emerald to support solutions with both environmental impact and commercial potential, and has backed companies like Paptic and Xampla that are creating sustainable alternatives to conventional plastics.