# UB FIGG

> UB FIGG is a VC fund in Helsinki backing Packaging Services and Chemical. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 4
- Last investment: Sep 2024
- Lead investor: 100%
- Fund size: $129M
- Last fund: Jan 2023
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ub-figg
- Website: https://www.ubfigg.com

UB FIGG is a VC fund in Helsinki focused on Packaging Services and Chemical. UB Forest Industry Green Growth Fund ("UB FIGG") is a private equity fund investing in companies focused on plastic and other fossil fuel based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and enduses.Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.

## Contacts

5 contacts available for UB FIGG. Shizune tracks 1 team members at UB FIGG. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ub-figg?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $27M–$30M |
| Venture - Series Unknown | $4.9M–$11M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Packaging Services | 2 | 50% |
| Chemical | 1 | 25% |
| Forestry | 1 | 25% |
| CleanTech | 1 | 25% |
| GreenTech | 1 | 25% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 50% |
| Venture - Series Unknown | 2 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 2 | 50% |
| United Kingdom | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Matti Lehtipuu | Managing Partner | 1 | https://shizune.co/investors/profile/matti-lehtipuu |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Notpla | Notpla is a sustainable packaging start-up that develops a material derived from seaweed and plants. The company's products include a coating for takeaway boxes, film, paper made from seaweed pulp, and a rigid plastic alternative, also made from seaweed. Notpla was founded in 2014 and is based in London, England. | $26.9M | Series A | Sep 24, 2024 |  |
| Nordtreat | Nordtreat is a producer of bio-based flame retardants for the global construction products industry. Nordtreat's NORFLAM® flame retardants for wood protect over 2000 buildings around the world. | $10.7M | Venture - Series Unknown | Jun 20, 2024 |  |
| Paptic | Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons. | $4.9M | Venture - Series Unknown | Jan 17, 2024 |  |
| Paptic | Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons. | $30.2M | Series A | Sep 04, 2023 |  |

4 of 4 investments shown.

## Co-investors
- [Altana](https://shizune.co/investors/profile/altana-pharna-ag-nycomed) — VC Fund, 1 deal together
- [Astanor Ventures](https://shizune.co/investors/profile/astanor-ventures) — VC Fund, 1 deal together
- [Ecolab](https://shizune.co/investors/profile/ecolab) — VC Fund, 1 deal together
- [EIT Food](https://shizune.co/investors/profile/eit-food) — VC Fund, 1 deal together
- [Emerald Technology Ventures](https://shizune.co/investors/profile/emerald-technology-ventures) — VC Fund, 1 deal together
- [European Circular Bioeconomy Fund](https://shizune.co/investors/profile/european-circular-bioeconomy-fund) — VC Fund, 1 deal together

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## FAQ

### What does UB FIGG invest in?

UB FIGG invests primarily in Packaging Services, Chemical and Forestry startups, most often at Series A and Venture - Series Unknown stage. Most of the 4 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is UB FIGG's check size?

UB FIGG typically joins rounds of $27M–$30M at Series A and $4.9M–$11M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds UB FIGG participates in.

### How do I contact UB FIGG?

Public channels for UB FIGG include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at UB FIGG?

The team at UB FIGG includes Matti Lehtipuu (Managing Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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