ArcticStartup’s Post

Circtec Secures €150M Funding to Establish Europe's Largest Tyre Pyrolysis Recycling Facility UK recycling startup CIRCTEC has secured a substantial €150 million in funding. This significant investment will be used to construct Europe's largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. The funds, which include a €75 million equity investment led by Novo Holdings and A.P. Moller Holding and €22.5 million in grants from the Government of the Netherlands, underscore the importance and potential of CIRCTEC's mission. https://lnkd.in/eju-yH-C #recycling #Sustainability #Climatetech #CIRCTEC #EU #EUStartups #StartupFunding #Startup #InnovativeRecycling #CircularEconomy #GreenInvestment #EcoFriendly #CleanTechnology #FutureOfRecycling #ClimateAction #EnvironmentalSustainability #WasteToResources #RecyclingRevolution

Sea change for Sustainable Packaging! 🧊🌱📦 It's fantastic news that Bristol's Kelpi has raised £4.3 million for their pioneering seaweed-based compostable packaging. Securing funds from Blackfinch Group and Green Angel Ventures among others is a huge endorsement of their world-leading tech. Not only does it match plastic performance, but it comes from a renewable source that sequesters carbon 🌱 With R&D backing from iconic brands like L'Oréal and Waitrose & Partners, Kelpi's commercial potential is clear. This investment will allow meaningful scaling up and market rollout through manufacturing and partnership pilots. Co-founder Neil Morris says it's a landmark that enables Kelpi to play a key role in eliminating single-use plastics - what an impact! Congrats to the whole team on their success. 👏 #Sustainability #PlasticPollution #Investment To keep up with more innovative South West business stories, sign up for the daily newsletter from TheBusinessDesk.com

Sweden’s Gaia Biomaterials secures $5 million for global expansion of eco-friendly products GAIA BioMaterials AB, a Helsingborg-based company focused on sustainable solutions, recently completed a $5 million rights issue. This funding round was supported by Almi Invest Greentech, a Swedish state-owned greentech venture capital fund, as well as private investors from both international and domestic markets. Gaia Biomaterials is known for its innovative product, Biodolomer, which is made from limestone and is fully compostable. This material serves as an eco-friendly alternative to fossil-based plastics, with applications ranging from drinking cups to grocery bags. The company plans to use the funds to expand its market presence in key regions such as the United States and India. This expansion strategy includes enhancing its global network of commercial agents by providing them with the necessary training and support. https://lnkd.in/d9UMnamp #nordicmade #sweden #funding #startups #foodpackaging #biotech #greentech #foodtech #trending

Swedish VC firm Chalmers Ventures backs Vividye’s sustainable dyeing technology with million-dollar investment Swedish VC firm Chalmers Ventures has invested a million dollars in Vividye, a Gothenburg-based deeptech company specializing in sustainable dyeing technology for fibers and materials. Vividye’s process, based on research from Chalmers University of Technology, eliminates the need for harsh chemicals traditionally used in dyeing processes, reducing environmental impact. The investment will support Vividye’s product development, sales efforts, and entry into international markets through collaborations with global partners. This funding is seen as a validation of Vividye’s innovative approach and its potential to address sustainability challenges in the paint industry. https://lnkd.in/dR4YGX4X #funding #nordicmade #sweden #sustainability #textiletech #deeptech #startups #trending

Swedish startup secures $100M Series A, shortlists Vietnam and Iberia for gigascale plants in textile recycling revolution Syre, a Stockholm-based textile impact company launched in March this year by Vargas Holding and H&M Group, has secured a significant milestone with a $100 million Series A funding round. The investment, led by TPG Rise Climate, with additional contributions from founding investor H&M Group and strategic partners like Giant Ventures, IMAS Foundation, Norrsken VC, and Volvo Cars, underscores a strong commitment to drive sustainable change in the textile industry. The funding will support the construction of a blueprint plant in the U.S. and lay the groundwork for the company’s first two gigascale textile-to-textile recycling plants, with Vietnam and Iberia shortlisted as potential locations. Syre’s innovative recycling process, fully acquired through this equity funding, promises to revolutionize the industry by transforming post-consumer waste into circular polyester efficiently and at scale. https://lnkd.in/dShN8R3v #funding #nordicmade #sweden #startups #textiletech #fashiontech #sustainability #trending

Blackfinch Ventures leads funding round of over £4.3 million for sustainable packaging innovator, Kelpi The #fundinground will enable the company to deploy seaweed-based coatings in recyclable paper and card packaging for the food & drink and cosmetics & personal care sectors, replacing single-use fossil fuel plastics which take hundreds of years to decompose.  Kelpi’s bio-material is unique in matching or even exceeding the performance of plastic, in particular with a strong water barrier and resistance to greasy contents or acidic foods. Dr Reuben Wilcock, Head of Ventures at Blackfinch, said: “Kelpi stood out to us as a strong combination of world-leading scientific innovation with extensive entrepreneurial experience. Their technology has immense commercial potential and we’re excited to be backing the company to scale up and go to market.” Read the full story: https://lnkd.in/eizeNF_x #InvestmentRound #TechBusinesses #SustainablePackaging #BiomaterialTechnology #CircularEconomy #GreenTech #CleanTech #VentureCapital #StartupFunding #SeaweedBiomaterials #PlasticAlternatives #OceanRemediation

Danish biotech startup raises €4.9M to scale sustainable alternative to petrochemicals Søborg-based biotech startup CELLUGY® has secured €4.9M in seed funding from leading investors including ICIG Ventures, Unconventional Ventures, Joyance Partners, PreSeed Ventures DeepTech, The Footprint Firm, and Export and Investment Fund of Denmark (EIFO). Cellugy specializes in developing natural, biofabricated cellulose-based solutions to replace fossil-based materials in various industries. The funding will be used to scale up production of their EcoFLEXY dry cellulose product, which is currently in the pilot phase, to industrial volumes. This will enable Cellugy to meet increasing customer demand and explore new application areas for their sustainable alternative to petrochemical ingredients. https://lnkd.in/driSR9ax #nordicmade #denmark #funding #startups #biotech #deeptech #trending

Suzano Ventures has announced a $5M investment in Bioform Technologies to accelerate the development of #sustainable, #biobased #PlasticAlternatives. 💰🎉Congratulations to Dr. Jordan MacKenzie and Dr. Mark Martinez, who supported its incubation at The University of British Columbia through HATCH Venture Builder—a joint effort by entrepreneurship@UBC and ICICS.♻️ #Bioform’s innovative technology utilizes wood pulp-reinforced hydrogels to produce high-performance materials that can replace single-use plastics in various applications, including packaging and agriculture, while reducing carbon footprints by up to 80%. We're thrilled about the next phase as they advance to pilot their manufacturing process. Way to go!🌱🌍 Press releases: 👉Financial Post: https://ow.ly/XFG050RntVt 👉Business Wire : https://ow.ly/4kC350RntVx 👉Tech Funding News: https://ow.ly/PKoo50RntVy #UBC #BioProducts #BPI #StartUps #Commercialization #Innovation #Sustainability #SuzanoCanada #Suzano

Kelpi Secures Investment to Revolutionise Packaging Industry with Seaweed-Based Alternative Bristol-based startup Kelpi, known for its innovative seaweed-based packaging, has secured a substantial £4.35 million investment to advance its mission of replacing single-use plastics. The investment round, which surpassed the initial £3 million target, was led by Blackfinch Ventures with participation from Green Angel Ventures, Kadmos Partners, QantX, Evenlode Foundation and the South West Investment Fund. Follow-on investments came from Bristol Private Equity Club (BPEC), One Planet Capital and private angel investors. Kelpi plans to use the funds to scale up operations, expand its team, and conduct manufacturing pilots on the path to a commercial launch. The company is based at the Science Creates Incubators in central Bristol, UK. “This landmark investment enables Kelpi to scale up our pioneering work and take to market our world-leading packaging material that is already being chosen by clients”, said Kelpi CEO Neil Morris. “Kelpi can now play a key role in ending our dependence on fossil fuels to create single-use packaging and so eliminating a major source of plastic pollution”, he added. The company’s unique seaweed-based packaging offers a strong water barrier and resistance to greasy or acidic foods, matching or exceeding the performance of traditional plastics. The bio-material is designed to be recyclable and compostable, breaking down completely within months. Kelpi has already secured R&D contracts with major industry players such as L'Oréal, Diageo and Waitrose & Partners. With the new investment, Kelpi aims to gain regulatory approval for its proprietary coatings for paper and card, continuing its commercial rollout with an anticipated market launch by 2025. Dr Reuben Wilcock, Head of Ventures at Blackfinch Ventures, praised this innovative approach, stating that “Kelpi stood out to us as a strong combination of world-leading scientific innovation with extensive entrepreneurial experience. Their technology has immense commercial potential and we’re excited to be backing the company to scale up and go to market”. 🔋 Cam Ross, CEO of Green Angel Ventures, also added: “We’ve been consistently impressed with Kelpi’s team and technology, and their pioneering approach to developing biopolymers from renewable feedstocks like seaweed. At scale, the Kelpi approach will play a vital role in reducing fossil fuel dependency, addressing climate change, and impacting plastic pollution”. Kelpi’s technology promises to revolutionise the packaging industry by reducing reliance on harmful plastics and promoting a more sustainable future. The company sources its seaweed from sustainable farms, contributing positively to the environment by sequestering carbon dioxide, deacidifying the ocean, and supporting marine ecosystems.

The competitive landscape of the chemicals packaging market is dominated by established industry giants such as BASF, Dow, LG Chem, Lyondell Basell and others. Learn about their innovative approaches, sustainable practices, and how they compete with digital-savvy startups. 𝙎𝙘𝙧𝙪𝙩𝙞𝙣𝙞𝙯𝙚 𝙈𝙤𝙧𝙚 𝘼𝙗𝙤𝙪𝙩 𝙈𝙖𝙧𝙠𝙚𝙩: https://lnkd.in/dQ5kv26n #chemicalspackaging #innovation #sustainability #competition #startups