Investment
Avantium launches €55 M rights offering to fund its FDCA plant
Avantium has launched a €55.45 million rights offering. The Dutch company says the money will cover a working capital shortfall and fund the ramp-up of its FDCA Flagship Plant in Delfzijl. FDCA is the building block for PEF, a renewable…
DMC Bio raises $18M to scale precision fermentation ingredients
DMC Biotechnologies has raised $18 million to expand its precision fermentation business. The Boulder-based company makes high-purity health ingredients through fermentation. Inceptional Partners and Sofinnova Partners co-led the round. First Bight Ventures joined, along with existing investors Cibus Capital and…
Singapore backs industrial decarbonisation with S$143M
Singapore has launched its largest funding initiative yet for industrial decarbonisation research. The S$143 million Industry Decarbonisation Funding Initiative will back low-carbon technologies for the country's industries. Deputy Prime Minister Gan Kim Yong announced it at the inaugural Singapore Industry…
Sofinnova leads $12 M round for soil biologicals maker IMIO
IMIO has raised $12 million to scale up its freeze-dried soil microbes. Sofinnova Partners led the round. Chipotle’s Cultivate Next, Starshot Capital, Grow Together Salinas, Earth Foundry and Serra Ventures also invested. The funds will support a new headquarters, lab…
Those Vegan Cowboys takes casein to athletes
Those Vegan Cowboys is taking its precision-fermented casein into sports nutrition. The Dutch startup has won a €1.2 million subsidy to explore the protein's potential for athletes. The company makes recombinant caseins through precision fermentation. This involves inserting specific DNA…
Cotierra raises €2.6M for coffee biochar
Zurich-based climate technology company Cotierra has raised €2.6 million in an early-stage round. PINC, the venture arm of food and beverage group Paulig, and Carbon Removal Partners co-led the round. The sum is roughly $3 million. Cotierra builds decentralised biochar…