Fasal Bio, a Croatian company developing a proprietary renewable materials platform, has secured a €7 million investment, as Vestbee has learned. The round was led by BlackPeak Capital and represents the final investment from BlackPeak Southeast Europe Growth Equity Fund I.
- Founded in 2012 by Krešimir Hagljan, Fasal Bio is a materials company focused on developing wood-based, renewable composites designed to replace conventional plastics in manufactured goods.
- Its core platform, Naturion™, is produced from wood and other natural raw materials and is engineered to work with standard plastic processing methods, including injection moulding and extrusion. This allows it to be integrated into existing industrial production lines without the need for additional equipment.
- The company develops both materials and finished products, applying its technology across categories such as household goods, toys, and consumer products, to reduce dependence on fossil-based plastics in manufacturing.
Details of the deal
- The €7 million investment will be used to expand Fasal Bio’s production capacity and strengthen its commercial and R&D teams. The funding is intended to support the global scale-up of the Naturion™ platform, meet growing customer demand, and accelerate international expansion, while also enabling the development of new product lines based on renewable materials.
“Fasal has built something rare, a platform where deep technical capability translates into scalable, real-world products, which is precisely a type of business where growth capital can make a difference, not just by accelerating it, but enabling a company with genuine innovation to drive change at industrial scale. We are excited to support the team as they expand capacity and scale the platform globally," explains Marko Dabić, Investment Manager at BlackPeak Capital.
