Investment
€7 M grant backs plan to scale microbial protein from fermentation
A European consortium has secured €6.99 million to scale the production of microbial proteins from food industry waste, in one of the most ambitious fermentation-focused funding awards of the year. The grant comes from the Circular Bio-based Europe Joint Undertaking…
Swiss startup hephaistos.bio raises €161K to reinvent chemical manufacturing
Swiss biotech startup hephaistos.bio has raised €161,000 from Venture Kick to develop custom enzyme solutions for pharmaceutical and chemical manufacturing. Chemical manufacturing still relies heavily on energy-intensive processes that drive up emissions and leave producers exposed to volatile supply chains.…
CIP launches $1.7 B bioenergy fund backed by €230 M EIF
Copenhagen Infrastructure Partners (CIP) has launched a new €1.7 billion ($1.9 billion) bioenergy fund, supported by a €200 million commitment from the European Investment Fund (EIF). The Advanced Bioenergy Fund II (ABF II) aims to raise €1.5 billion to finance…
bitBiome secures oversubscribed funding to accelerate microbial engineering
bitBiome, a leader in discovering and designing enzymes, proteins, strains, and ingredients, has closed an oversubscribed seed extension funding round. This new investment shows growing confidence in the company's technology and global reach. With the funding, bitBiome will speed up…
University of Manchester techbio spin-out secures £5 million to deploy quantum physics, AI modelling, and highly automated labs to power next gen enzyme engineering
Round led by PXN Ventures, with additional funding from existing investors IQ Capital and Northern Gritstone Company uses quantum physics, AI modelling and deeply integrated laboratory automation and robotics in a closed loop system to engineer enzymes, transforming their performance…
Europe awards €172 M to 24 projects advancing circular bioeconomy
The Circular Bio-Based Europe Joint Undertaking (CBE JU) has awarded €172 million to 24 projects designed to expand sustainable bio-based industries across the continent. The funding will support 332 organizations from 32 countries working to develop alternatives to fossil-based products.…