September has been a remarkable month for startups and companies featured in our Safer Alternatives database. From sustainable aviation fuels to groundbreaking biotechnology, many have received substantial investments to boost their technologies which are grounded in green chemistry principles.
Here’s a look at the key developments from September:
Abolis: A French biotech startup focusing on tailor-made industrial biotechnology raised €35 million (approximately $39 million). Their emphasis on sustainable manufacturing processes, including fermentation and enzymatic catalysis, is crucial for advancing green chemistry across industries.
Air Company: Based in New York, this carbon conversion technology firm secured $69 million in Series B funding and inked a $65 million contract with the Defense Innovation Unit, paving the way for greener alternatives in the coming years.
Battolyser Systems: This Dutch startup, known for its innovative technology that combines battery storage with electrolyzer functions for green hydrogen production, secured €30 million in its Series A investment round.
Carbios: This French startup, known for its enzymatic recycling technology for plastics and textiles, announced a strategic partnership with Selenis, a supplier of high-quality polyester solutions. This two-year collaboration aims to propel advancements in the plastic recycling industry, leveraging Carbios' innovative technology to break down various polymer materials.
Formo: The Berlin-based startup specializing in cheese alternatives via precision fermentation raised $61 million in Series B funding.
Ginkgo Bioworks: The Boston-based cell programming platform has launched Ginkgo Datapoints, delivering large-scale datasets for target identification, validation, and drug discovery. The company plans to expand data generation for protein characterization and functional genomics, which is vital for creating more sustainable manufacturing processes through biotechnology.
Infinium: Another player in the SAF market, this California-based startup raised $1.1 billion from Brookfield Asset Management, a leader in renewable power investments.
Puraffinity: Focused on PFAS removal from water, this London-based startup raised £6.73 million in Series A funding, advancing its mission to provide 1 billion people with PFAS-free water by 2030.
Reverion: This German startup raised $62 million in its Series A funding round to develop a new generation of micro power plants that leverage excess solar and wind power for biogas production.
Twelve: This sustainable aviation fuels (SAF) company successfully raised $645 million, bringing its valuation to over $1 billion.
Stay tuned for more updates as these companies continue to push the boundaries of sustainability and innovation!
Brookfield Asset Management announced a potential USD 1.1 billion investment in Infinium, a company developing more sustainable, low-carbon fuels. Image Source: EnergyNews
