Circularity Capital, a private equity firm, completed the investment in PackBenefit, a company that designs, develops and manufactures 100% compostable coated cellulose-base food trays. additional investors include AXA IM Alts and JZ International. Financial terms were not disclosed. “This is a very exciting time for PackBenefit. The company’s market-leading, commercially proven solution has allowed it to build a blue-chip client base whose demand vastly outstrips current manufacturing capacity. Growing adoption of PackBenefit’s solutions will help accelerate the transition towards a more circular packaging economy by displacing incumbent, single-use fossil-derived packaging solutions which more often than not end up in landfill or incineration," Andrew Shannon, Circularity Capital Partner.