Greentown Labs’ Post

ZwitterCo, which is transforming water treatment through advanced membrane technologies, recently announced the successful close of its Series B funding round led by Evok Innovations. Evok was joined by DCVC, BHP, Munich Re Ventures, Siteground, HG Ventures, and Blue Horizon Advisors. The oversubscribed $58.4 million round will accelerate ZwitterCo’s mission to unlock the potential of unconventional water sources, such as industrial wastewaters and more challenging surface waters or process streams, to meet the massive water demands of industries that underpin a low-carbon future. https://lnkd.in/gEPq5EXg ZwitterCo Evok Innovations Alex Rappaport Naynika Chaubey #evokinnovations #lowcarbonfuture #SeriesBFinancing #surface #waters #unconventional #watertreatment #WBO #Zwitter

We are thrilled to announce that Evok Innovations has led a $58.4 million Series B funding round for ZwitterCo. This investment marks a significant milestone in advancing sustainable water treatment solutions.   ZwitterCo’s groundbreaking zwitterionic membrane technology is poised to transform industries by providing unmatched filtration capabilities for even the most challenging waste streams. This technology comes at a pivotal time as global temperatures rise, driving water shortages and increasing fouling of surface waters around the world. This technology not only unlocks previously untreatable wastewater streams, reducing waste and operating costs across a range of industries, it also enhances global access to clean water in an increasingly water-scarce age.    At Evok, we are dedicated to backing visionary companies that drive impactful change. ZwitterCo's innovative approach aligns strongly with our mission to foster sustainability and mitigate the effects of climate change. We are proud to partner with DCVC, BHP, Munich Re Ventures and others on this important investment.   Join us in celebrating this partnership and stay tuned for more updates on how together, we are making a difference!    #SustainableInvestment #WaterTreatment #Innovation #Cleantech #ZwitterCo #SeriesBFunding https://lnkd.in/e_KBQpNU

Exciting times for our portfolio company, Cetogenix for being selected as the delivery partner for a project focused on advancing sustainable solutions for bioresource recycling in the UK. It's certainly shaping up to be a big year for the company. Fiona Rotherham from NBR - National Business Review explains this opportunity in her article, but in brief, Cetogenix has developed Ceto-Boost - a platform that uses hydrothermal oxidation to deconstruct waste and transform it into valuable end-products such as renewable natural gas, renewable chemicals, and biomaterials. CEO Trevor Stuthridge explains the UK project as an opportunity for Cetogenix to showcase the technology in a significant global market, and if successful, it will pave the way for deployment at other international sites. Since 2022, Cetogenix has achieved a number of significant milestones, including establishing the Ceto-Boost prototype system in Rotorua and scaling it to a pre-commercial stage, establishing global commercial partnerships, and strengthening its intellectual property portfolio through the introduction of new patent applications and IP licenses. From here, the company is about to start its first pre-commercial trial with a large New Zealand water and wastewater company – the results of which will be critical to informing the UK opportunity. https://lnkd.in/gJTqHJJv Alexandra Stuthridge Trevor Stuthridge Ashwath Sundaresan Brent S. Ogilvie #venturecapital #deeptech #technology

cylib - European battery recycling company- led by Lilian Schwich CEO and Dr Gideon Schwich and Paul Sabarny raised €55 million Series A funding round in equity financing 🔥 🔥 🔥 🔥 🔥 Cylib is a university spin-out from Achen after many years of research into a proprietary process that enables every component in a lithium-ion battery to be recycled! "cylib already outperforms long-awaited industry break-even points by reaching a recycling efficiency > 90 per cent while reducing the environmental footprint (GHG-potential) of the recycling process due to cylib’s water-based Lithium and Graphite recovery by 30 per cent in comparison to competitors" Investors: climate (World Fund) and deep tech ventures and OEMs (Porsche Ventures, Bosch Ventures), and public investment funds - NRW.BANK.Venture and current investors Vsquared Ventures, Speedinvest, 10x Founders. cc Danijel Višević Patrick Huke Thanks Cate Lawrence Tech.eu #femalefounder #success #inspiration Thinking in Systems. Investing in climate. https://lnkd.in/dTtFNXbZ

Last night MCJ Collective and 9Zero hosted a panel on Industrial Decarbonization Beyond Steel and Cement which was quite interesting. We heard from representatives from Aepnus Technology, Ammobia, Rondo Energy, and a VC from Innovation Endeavors. Here are some hot takes from the event: 🔥 Steel and cement are a large focus here because the US is one of the largest GHG producers in these industries but the chemical industry is just as bad (if not worse). 🔥 Large players in the space are starting to think about ways to mitigate their impacts and start-ups should try to work with them (instead of against them) which can lead to funding outside of the VC world. 🔥 When rolling out a commercial pilot, try to connect it with a company in that industry (vs just having it show a proof of concept and needing a second machine built to provide real-world function). This will kill two birds with one stone and make you more viable for the next funding round. 🔥 After your first product is online and you need to move from R&D to production, think about bringing on an experienced leader(s) that have done this before. The founders are likely very smart and were pivotal for creating the product but the next phase in a company’s lifecycle requires different skills. If you ever have the time to check out any of these events I highly suggest it! It’s been great to get to hear from the brightest minds in this growing space!

🟢 Finding scalable and affordable ways of producing green fuel, like hydrogen and CO2, is critical to the transition to net zero and for sustainable industries like maritime and aviation. Brineworks has developed a remarkable breakthrough in this field ⭐ ️ Electrolysis technology that extracts ocean-based CO2 from seawater, before converting it into green fuels like green hydrogen, e-methane, etc.  ⭐️ Projected to be able to extract CO2 at less than $150/ton ⭐️ Enabling affordable, decentralised production of e-fuels ⭐️ Founded by Gudfinnur Sveinsson and Joseph Perryman Brineworks have just announced $2.2M in seed funding, led by Pale blue dot. You can read all about our investment in Brineworks through Blue Action Accelerator: https://lnkd.in/emUuEdNH Olivia Brooks | George Northcott | Rupert Hayward | Jeff Stoike | Melissa Halpern | Marie-Louise Hayward | Katie Morgan-Jones | Simon Lovick | Laura Moross #oceantech #carboncapture #cleanenergy #fundraising

#German wastewater #recycling company #Membion secures €5 million in funding. DeepTech & Climate Fonds (DTCF) and TechVision Fonds (TVF) headed this round. Membrane bioreactor (MBR) modules for wastewater treatment are developed and manufactured by the firm. Operators of municipal and industrial #wastewater treatment plants can fulfil the increasing #expectations for water quality while achieving significant cost savings thanks to the multi-patented technology. Membion intends to utilise the funds for #expanding its market reach, establishing new production facilities, and creating new #features for its products. Sewage treatment plants will require more room in order to retrofit a filtration step in order to satisfy these future #requirements. In addition, additional water filtration capacity is needed as #metropolitan areas increase. Membrane bioreactors (MBR) are the area of expertise for membrane maker Membion when it comes to treating #wastewater. Membion’s novel membrane modules are specifically engineered to function submerged in the sludge of biological sewage treatment plants. Membion DTCF | DeepTech & Climate Fonds TechVision Fonds Klaus Vossenkaul Elisabeth Schrey To share your startup story write us on - contact@startuprise.co.uk #membion #funding #eustartup

We continue to highlight💡the companies that have established themselves with us at LignoCity in Bäckhammar. Next up is Swedish Exergy AB: Hi Manish Verma! You work at Swedish Exergy, one of the innovative small and medium-sized enterprises that has established part of its operations in LignoCity in Bäckhammar. What is your title and role at the company? “I am the Business Development Director, focusing on the company's future strategy and goals. I am also a member of the company's board.” What has your pilot plan at LignoCity in Bäckhammar been used for since its installation in 2023? “We have successfully utilized our pilot superheated steam dryer, ExeryPSSD®, to conduct drying trials on innovative products such as recycled fibers, non-wood pulp, and animal feed for clients worldwide, showcasing our commitment to cutting-edge solutions.” What other developments have taken place at Swedish Exergy since moving to Bäckhammar? “Since relocating to LignoCity, we have expanded our team and now have a dedicated colleague working at our pilot plant within the facility.” What is currently happening within the company? “We are focusing on exploring the benefits of superheated steam in areas such as the biogas industry and lignin, prioritizing trials to uncover new opportunities. Additionally, we're working on reducing the cost of our steam dryer to make it more accessible to clients with smaller product volumes, while helping them lower energy usage, reduce emissions, and enhance product quality.”  What impact has LignoCity had on your development? “Being in close proximity to key focus areas like lignin has enabled us to benefit from the collaborative environment at LignoCity. Here, we work alongside other companies to develop innovative solutions for shared challenges.” Any thoughts on the future and how you see the company’s development over the next few years? “Our aim is to lead in technological advancements and expand steam drying technology to more companies globally. We also plan to further strengthen our collaboration with RISE in key areas such as lignin, sludge, animal feed, and the pulp and paper industries.”   Thank you very much, Manish! Good luck with the upscaling. Do you want to know more about LignoCity and our site in Bäckhammar? Welcome to visit: https://lignocity.se/en/ #Sustainability #Innovation #Recycling #GreenTech #CircularEconomy 

Last week, we shared the good news that we successfully closed a seed extension investment round 🥳 - welcoming our new investors Export and Investment Fund of Denmark (EIFO) and The Footprint Firm (https://lnkd.in/d7BBXRN8). On that occasion, our CEO, co-founder, and inventor of Kvasir's core technology Joachim Bachmann Nielsen spoke with Børsen Bæredygtig 💚. The article is out now - it is in Danish 🇩🇰 - you can read it full length below 👇 #sustainablebiofuels #climateaction #greeninvestment #onestepcloser #decarbonization #sustainablebiofuels #kvasirtechnologies #EIFO #TheFootprintFirm #dkgreen #Børsen #climatetech #bioenergy

💪 As early backers of INERATEC, we're proud to share some big news: the INERATEC team has successfully raised $129M Series B funding! 💸 This impressive round was led by Piva Capital and joined by HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald Technology Ventures, Samsung Ventures, ENGIE New Ventures, SAFRAN CORPORATE VENTURES, and Honda. 🛠️ Creating fuels directly from greenhouse gas CO2 instead of dinosaur remains may sound like a dream but our portfolio company INERATEC is actually producing e-fuels at scale. ⚡ Supported by the funding, they will turn 1 GW of renewable energy into 125 million gallons of sustainable e-fuels by 2030. ⛽️ 💥 The impact? 12 million tonnes of CO2 recycled annually. 🔄 Read the full press release here 👉 https://lnkd.in/eMQWpK3B Extantia | Yair Reem | Torben Schreiter | Joern-Carlos Kuntze | Sebastian Heitmann | Oliver Schwarzer #efuels #climatetech #venturecapital #investing #carbondioxide #CO2conversion #renewableenergy #emissionsreduction #sustainableaviationfuels