# Pulpex raises £62M Series D to fund first commercial plant near Glasgow

Packaging company Pulpex raised a £62 million Series D round led by the National Wealth Fund and the Scottish National Investment Bank. The funding will finance construction of its first commercial-scale manufacturing facility near Glasgow.

- Type: Investment
- Announced: 2025-02-20
- Where: near Glasgow, United Kingdom
- Value: $78.0M (62.0M GBP)
- Status: announced
- Products: sustainable pulp packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Pulpex](https://endata.com/companies/7972.md)
- [National Wealth Fund](https://endata.com/companies/12794.md) (investor)
- [Scottish National Investment Bank](https://endata.com/companies/12795.md) (investor)
- [Pilot Lite](https://endata.com/companies/12799.md) (investor)

## Sources

- [pilotlite.com](https://www.pilotlite.com/nuggets/blog-post-title-four-lr658-tcthp-267hy), 2025-02-20: "Pilot Lite is delighted to announce a £62m Series D investment round led by the National Wealth Fund and The Scottish National Investment Bank"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.