Investment
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…
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…