Investment
Biotech startup Cellugy secures €4.9M to scale up production of bio-based cellulose
Danish industrial biotech startup Cellugy has raised €4.9 million in seed funding to accelerate the production and commercialization of its EcoFLEXY dry cellulose product. The round was led by German investor ICIG Ventures and Danish investor Unconventional Ventures, with new…
Edonia raises €2 M to produce plant-based ingredients from microalgae
Edonia, a French startup creating protein ingredients based on microalgae (such as spirulina, chlorella) has completed a first financing round of €2 million. This round, led by Asterion Ventures and complemented by BPI funds, will enable the company to industrialize…
MTU to lead €9 million CBE JU Farm-based Grass Biorefinery Demonstration Initiative
Munster Technological University will lead a new first-of-its-kind decentralised green biorefinery demonstration initiative funded under the Circular Bio-based Europe Joint Undertaking (CBE JU). The €8.7 million “Rural BioReFarmeries” project will advance the development of farm-centred bioeconomy approaches through the deployment…
Mycocycle’s innovative fungi-based technology attracts $3.6 M investment
Mycocycle, a female-founded biotech firm that uses fungi to transform organic waste into reusable materials, has secured an oversubscribed $3.6 million Seed extension, led by Closed Loop Partners’ Ventures Group. The funding, which includes support from TELUS Pollinator Fund for…
Nfinite Nanotech closes USD 6.5M SEED financing to revolutionize flexible food packaging with nanotechnology
Waterloo, Ontario, Canada – May 14, 2024 – Nfinite Nanotech, a creator of plastic-alternative nanocoatings, announced today the completion of a USD 6.5M SEED round, led by Collateral Good, with participation from Suzano Ventures as a strategic investor alongside investment…
Insempra lands $20 M to advance biomanufacturing tech
Insempra recently concluded a successful $20 million Series A financing round, providing the company with resources to further develop its technology platform. This platform aims to deliver high-performance, sustainable ingredients across various industries and enhance the company's technology scouting, development,…