SC Launch Funds Greenville-based Bubble Paper with $250K Investment
GREENVILLE, SC – On July 23, South Carolina Research Authority’s (SCRA) investment wing, SC Launch, announced a significant investment of a quarter-million dollars into Greenville-based Bubble Paper. The company, which has been making strides in producing an eco-friendly alternative for plastic shipping necessities, has expressed gratitude for the funds and anticipates significant business growth as a result.
A Mutual Recognition of Potential and Growth
Commenting on the beneficial rapport developed with the SCRA, founder of Bubble Paper, Benjamin Moore said, “We were fortunate to start working with the SCRA and SC Launch Inc. teams early on. They understood our mission and partnered with us to create a friendly and mutually beneficial investment partnership.”
Moore asserts that the early phases of investment were pivotal in catalyzing innovation and expansion in their production prowess. “These early investments were key in helping us innovate and scale our production capability, allowing us to focus on growth and efficiency,” he said.
Commitment to Sustainability
Acknowledging the company’s commitment to ecological preservation, Moore emphasized that Bubble Paper’s products are sustainable right from the manufacturing stage to disposal, “Our products are sustainable from the moment they are manufactured to the time of disposal.”
Continual Support from SCRA
Bubble Paper’s journey with the SCRA started in 2018, when it became a member company. Since then, the company has received noteworthy financial support to aid its active expansion and development projects. In addition to the current significant funding of $250,000, Bubble Paper was awarded a $25,000 project development fund grant, a $50,000 acceleration grant and two earlier investments from SC Launch amounting to $600,000.
This continued significant financial aid from SC Launch serves to underline its commitment to the development of technological enterprises in South Carolina and its belief in the potential of Bubble Paper as a company leading the charge toward eco-friendly shipping solutions.
Looking Ahead
Bubble Paper’s ongoing journey of expansion, powered by sizable financial investments from SC Launch, promises exciting new projects and potential partnerships in the pipeline, aiming to introduce green alternatives to conventional shipping materials.
The newly announced investment by SC Launch, coupled with the company’s sustained commitment to environmentally conscious practices, sets Bubble Paper on an accelerated growth trajectory for creating ground-breaking eco-friendly solutions in the shipping industry.
