Investment
Danish companies secure $3.3M for carbon-capture project
Two Danish biotech companies just secured major government backing to build a demonstration facility that turns waste gases into commercial products. Unibio and Again will receive 24.6 million kroner (about $3.3 million) from Innovation Fund Denmark for a three-year project…
Biotech coalition maps path to trillion-dollar economy
A European sustainability coalition has identified four molecule families as the fastest routes to scaling industrial biotechnology, potentially unlocking a market worth $1.1 trillion. Advanced Biotech for Sustainability (AB4S) released its second annual report. The document narrows down 300 evaluated…
Level Nine secures €4M to unlock local biomass for Europe’s chemical industry
Berlin-based startup Level Nine has raised €4 million in seed funding to develop innovative catalysts that convert locally abundant biomass into industrial chemicals. This move aims to help Europe’s chemical industry reduce reliance on volatile fossil feedstocks amid mounting challenges…
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…