Investment
British American Tobacco invests €4.7 M in biomass-fuelled heating plant in Croatia
British American Tobacco (BAT) announced a €4.7 million ($5.1 million) investment in a biomass-fuelled heating plant at its cigarette factory in Kanfanar, Croatia. This initiative aims to reduce the factory's CO2 emissions by 65%. Zvonko Kolobara, CEO of BAT's Adria…
Cano-ela secures €1.6M to boost plant-based ingredient innovation
Cano-ela, a foodtech company based in the Netherlands, has raised €1.6 million in funding. This investment comes from existing investor Oost NL and new partners Value Factory Ventures and Ecoseed. This latest funding round follows previous investments that helped Cano-ela…
IEDA boosts community water infrastructure with new grants
The Iowa Economic Development Authority (IEDA) announced that over $3.7 million in grants has been allocated to the communities of Chelsea, Duncombe, Fort Madison, Lawler, McGregor, Mediapolis, Wellman, and Yale to support water and sewer infrastructure projects via the Community…
Scimplify transforms chemical supply chain with $40 M funding
Scimplify has announced a $40 million Series B funding round to scale its innovative platform. This funding was co-led by Accel and Bertelsmann, with participation from existing investors like Omnivore and 3one4 Capital. This investment brings Scimplify’s total funding to…
ReSource secures $15 M for sustainable plastics innovation
ReSource Chemical Corp., an advanced manufacturing startup, has completed a $15 million funding round co-led by Khosla Ventures and Fathom Fund. The company wants to revolutionize the production of plastics and specialty chemicals without relying on fossil fuels. By using…
Epoch BioDesign secures $18.3 M to scale enzymatic recycling technology
Epoch BioDesign has raised $18.3 million in Series A funding. The investment will support the company’s use of enzymes in recycling plastics. Traditional mechanical recycling struggles with mixed plastics and lowers polymer quality in each recycling cycle. Chemical recycling requires…