Investment
UK funding supports development of biobased material regulations
Innovate UK has awarded £474,000 to the Bio-based and Biodegradable materials REGulatory NETwork (BB-REG-NET), a new initiative aimed at advancing sustainable chemical and material standards in the United Kingdom. The project emerges from a comprehensive six-month discovery phase that involved…
Vaulted Deep lands $32 M in Series A funding to scale carbon removal efforts
Vaulted Deep, a startup focused on biomass carbon removal and storage (BiCRS), has raised $32 million in a Series A funding round to enhance its capacity for durable carbon dioxide removal (CDR) through the geologic sequestration of carbon-rich organic waste.…
Industrial Microbes secures $10 M in seed funding to scale sustainable biobased materials
Industrial Microbes (iMicrobes), a biomanufacturing firm dedicated to promoting sustainable materials, has announced the successful completion of its seed round funding, raising over $10 million. This financing round was primarily led by First Bight Ventures, with additional support from Universal…
DoD announces final awardees for bioindustrial manufacturing initiative
The Department of Defense (DoD) has revealed the final group of nine companies selected to participate in its Distributed Bioindustrial Manufacturing Program (DBIMP), a strategically important initiative aimed at strengthening the U.S. bioeconomy and enhancing national defense capabilities. The selected…
InSpek secures €6 M in seed funding to advance biomanufacturing with photonics
InSpek, a startup focused on photonic sensing innovations, has successfully raised €3.5 million in a seed funding round co-led by Breega and Wind, with participation from returning investor Quantonation. The funding is complemented by a €2.5 million Accelerator grant from…
Elicit Plant secures €45 M to tackle climate challenges in agriculture
Elicit Plant, a forward-thinking agri-biotech firm specializing in innovative biosolutions for broadacre crops, has successfully raised €45 million to accelerate its expansion amidst escalating climate challenges faced by farmers worldwide. The funding round was spearheaded by Carbyne Equity Partners and…