Founded in 2021, the company specializes in developing biodegradable packaging that decomposes in soil within 30 days and can replace traditional polystyrene. The material is produced from agricultural waste and mycelium—the root system of fungi—with input from experts at the M.G. Kholodny Institute of Botany.
S.Lab’s products are used for cosmetic cushioning inserts, electronics trays, decorative goods packaging, and thermal boxes. The investment will be directed toward scaling production and developing modular “container factories” that can be installed directly at client sites. Each line can produce up to 15,000 units of packaging per month, helping reduce logistics costs. According to CEO and co-founder Yuliia Bialetska, S.Lab aims to transition to a new business model—supplying clients not with finished products but with the production technology itself.
The global polystyrene market exceeds $30 billion annually, and Bialetska notes that demand for eco-friendly alternatives is expected to grow due to EU regulations. The company already collaborates with L'Oréal, JTI, and Nespresso. Following the full-scale invasion, the team relocated production to Spain, maintaining a research office in Kyiv and a pilot line in Málaga. Upcoming plans include expanding production capacity in Spain and strengthening its position in the European market.
The company’s financials show steady growth: revenue reached €10K in 2022, tripled in 2023, while figures for 2024 have not yet been disclosed. Bialetska attributes growing client interest to the EU’s policy of reducing plastic packaging use, which compels businesses to seek sustainable alternatives.
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