Investment
Fraunhofer Institute receives €53 M to develop bio-based carbon fiber production
A new pilot plant in Guben, Germany will produce bio-based carbon fibers as an alternative to materials made from fossil fuels. The Fraunhofer Institute for Applied Polymer Research is receiving €53.3 million from the German federal government and the state…
Elea & Lili raises €2.5M for bio-based diaper material
Finnish startup Elea & Lili has raised €2.5 million to commercialize a cellulose-based superabsorbent material that replaces fossil-based plastics in diapers and agricultural products. The company spun out of VTT Technical Research Centre of Finland with technology backed by over…
Rubi raises $7.5M and secures $60M + in commitments for CO2-to-materials platform
San Francisco-based Rubi has raised $7.5 million and secured over $60 million in multi-year customer commitments as it scales technology that turns carbon dioxide into materials. The funding round was co-led by AP Ventures and FH One Investments. Other participants…
Seprify raises €13.4M to scale bio-based ingredients
Swiss biomaterials company Seprify has moved its cellulose platform from pilot testing to industrial-scale supply. The shift allows manufacturers to move beyond trials into regular sourcing and longer-term contracts. The company raised €13.4 million in Series A funding to support…
BEAM Circular awards over $1M to advance local workforce training
BEAM Circular has awarded $1.064 million to twelve local education and training organizations in Stanislaus County, marking the second round of grants aimed at developing the region's bio-based manufacturing workforce. The funding, supported by American Rescue Plan Act dollars from…
BioTreasure lands €2.5M to scale bio-chemical platform
Munich-based BioTreasure has secured €2.5 million from SPRIND, Germany's Federal Agency for Disruptive Innovation, to scale its integrated bio-chemical manufacturing platform toward industrial deployment. The funding marks BioTreasure's advancement to Stage III of SPRIND's Circular Biomanufacturing Challenge. The company has…