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954 Danish biotech startup raises €4.9M to scale sustainable alternative to petrochemicals

ArcticStartup
Nurcin Metingil @ ArcticStartup · 05/21/2024 05:42 EDT

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, PSV DeepTech, The Footprint Firm, and 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 […]

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