Allonnia, the bio-ingenuity company, has raised $30 million in new capital led by Bison Ventures, with participation from IRONGREY, BHP Ventures, Vale Ventures, Wholestack LP and PPNG along with existing investors Battelle, General Atlantic and Viking Global Investors.
Allonnia will use the funding to expedite development of the company’s biotechnology and engineered products through adaptive platforms capable of tackling waste challenges across metals and mining, plastics and PFAS, plus other emerging contaminants. These platforms enable Allonnia to discover, augment and accelerate natural solutions to urgent environmental problems through new remediation, upcycling and valorization techniques. These purposeful solutions have numerous applications across CO2 sequestration, mining sustainability, contaminant remediation, and plastics upcycling.
“Since our launch in 2020, Allonnia has made tremendous progress toward proving that we can bring transformational solutions to our war against waste – commercializing two products in the market and more coming soon,” said Nicole Richards, Allonnia’s CEO. “By optimizing nature’s own inventiveness, we are getting closer each day to proving that industrial innovation and environmental responsibility are not mutually exclusive. This raise will help us accelerate and deploy our solutions in industries that need it most.”
Today’s raise will ramp up Allonnia’s transition into the field, specifically related to solving PFAS remediation by accelerating the market entry for separation and concentration, along with integrating biosensor and biodegradation solutions. The raise will also be dedicated to increasing mining sustainability across a number of applications, addressing key challenges like declining high-quality ore and the demand for better ESG performance along with an overall reduction of CO2 footprint for Allonnia’s customers.
“Global waste is a massive liability to human and ecological health, and many of today’s solutions are cost inhibitive or ineffective at scale,” said Tom Biegala, Founding Partner of Bison Ventures. “That’s why we were excited to see how much Allonnia has accomplished in two short years and are bullish on the solutions they are creating to solve key challenges facing our planet and our industry. Biotech and engineering solutions have great potential to move us closer to a waste-free world.”
Earlier this year, Allonnia unveiled 1,4 D-Stroy, a microbe-based solution capable of degrading 99% of the cancer-causing chemical 1,4-dioxane in contaminated groundwater into H2O and CO2 within the span of several weeks, using a naturally occuring microbe.
