Calyxia bags $17.6M to tackle the global microplastics problem
– Calyxia, a greentech startup, has developed biodegradable microcapsule technology to reduce the amount of harmful microplastics that human activity is putting into the environment.
– The 2015-founded startup is now announcing a €15 million Series A (~$17.6 million) funding round, led by the impact investor Astanor Ventures, as it gears up to get its first products to market this year.
– The company says its technology can reduce the amount of microplastics in the environment by up to 90%.
– It has developed what it bills as “environmentally friendly” and “advanced performance” biodegradable microcapsule technology.
Fertilizer Created from Lightning: Nitricity Raises $5 Million Seed Round to Help Farmers Produce Their Own Nitrogen Fertilizer
– Nitricity, an agtech startup with unique technology to produce renewable nitrogen fertilizer at point-of-use, announced the close of a $5m Series Seed investment round led by Energy Impact Partners.
– The funding will enable the company to accelerate innovations and recruit top engineering talent in the climate tech and agriculture fields.
– The round included participation from new investor Fine Structure Ventures as well as existing investors including Lowercarbon Capital and MCJ Collective.
Micropep Raises €8.5M in Series A Funding
– Micropep is a Toulouse, France-based agricultural biotech company.
– The company raised €8.5M in Series A funding.
– The round was led by Supernova Invest with participation from FMC Ventures, Sofinnova Partners and IRDI Capital Investissement.
– The new financing will be used to further develop proprietary discovery platform and progress pipeline targeting disease control and weed suppression.
FREDsense Technologies Raises $2.5M from BDC Capital to Accelerate Their Biologically Based Water Quality Sensors
– FREDsense Technologies Corp. is excited to announce the closing of a $2.5 million from BDC Capital’s Cleantech Practice.
– FREDsense has developed a biologically based breakthrough technology for rapidly measuring hard to detect chemicals in our environment.
– The company builds portable field kits for rapid measurement of these parameters to deliver chemical information in a fraction of the time required.
– With portable, simple, and scalable types of sensor solutions, FREDsense is changing the way we understand water chemistry.
– FREDsense will utilize the funding to grow their current and future sensor expansion plans, developing new solutions for various water quality parameters in conjunction with global partners.
Kebotix Announces Investment by SIT Capital
– Kebotix, a Cambridge-based technology platform company for new chemicals and materials, announced SIT Capital as a major investor in its Series A funding.
– The $11.4 million round was led by Denmark-based Novo Holdings, a leading international life science investor.
– “The strength of SIT Capital’s expertise and network of relevant experts add tangible value to Kebotix’s robotics-powered platform that discovers and bring to market new materials faster and more affordably,” said SIT Founder Dr. Serguei Beloussov, also chairman of the board, CEO and founder of Acronis, a Swiss-based software and services company.
Phlow Raises $20M in Series A Financing
– Phlow Corp., a public benefit corporation providing access to essential medicines, closed a $20m Series A funding.
– The company intends to use the funds to build its commercial business team, establish its commercial business unit’s data and analytics platforms, advance the commercial research and development of APIs and finished pharmaceutical products, and fund innovative initiatives to improve the delivery of essential medicines.
– Led by Eric Edwards, M.D., Ph.D., co-founder, president and CEO, Phlow is using advanced manufacturing processes leveraging flow chemistry to produce active pharmaceutical ingredients (APIs) and finished pharmaceutical products.
EnginZyme Extends Series A to €11 Million to Advance Cell-Free Chemical Production Platform in Funding Round Led by Sweden’s Industrifonden
– EnginZyme has extended its Series A to €11m and raised the total to €11m.
– The extension round was led by Industrifonden, Sweden’s largest deep tech venture capital firm, followed by SEB Greentech VC and existing shareholders.
– EnginZyme is developing a technology platform for sustainable production of chemicals.
– The company has produced catalysts at multi-kilogram scales and operated pilots capable of producing 50 tons per year of product.
– This year will see the company pilot production processes and advance partnerships across markets such as high-performance cosmetics, food applications, alternative sweeteners, and flavors and fragrances.
