SWEDEN - STING Capital backs Peepoople
Swedish venture fund STING Capital has, together with business angels, invested an undisclosed sum in Peepoople, a developer of single-use, biodegradable bags designed to provide access to affordable hygienic sanitation in third world countries.
Stockholm-based Peepoople was founded in 2006. Its technology is based on research conducted at SLU Sweden University of Agricultural Science and KTH Royal College of Technology.
Peepoople has recently recruited Karin Ruiz as CEO. Ruis has experience from senior management positions with health care group Capio, Invest in Sweden Agency, and Tetra Pak.
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