On January 18, 2024, Paptic Oy closed the transaction. The company amended the terms of the transaction. The company raised ?27.5 million in the transaction.

The company received ?4.5 million in its final tranche led by new investor, UB Forest Industry Green Growth Fund and included participation from new investors, Emerald Technology Ventures AG, SIG InnoVentures and European Innovation Council (EIC) Fund.