𝐁𝐈𝐎𝐖𝐄𝐆 𝐬𝐞𝐜𝐮𝐫𝐞𝐬 €16𝐌 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐭𝐨 𝐬𝐜𝐚𝐥𝐞 𝐛𝐢𝐨𝐝𝐞𝐠𝐫𝐚𝐝𝐚𝐛𝐥𝐞 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞𝐬 𝐭𝐨 𝐦𝐢𝐜𝐫𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜𝐬! We’re proud to announce the closing of our €16 million Series A round, led by Axeleo Capital (AXC) and joined by EIC - European Innovation Council, NBank Capital, BONVENTURE, and our seed investor Dr.-Ing. Frank Jenner. This milestone will enable us to: ✅ Build a world-class bacterial cellulose facility in Germany ✅ Scale production from pilot to industrial level ✅ Support European industries as they transition away from microplastics ahead of incoming regulation Since our founding in 2019, BIOWEG has been transforming food-industry side streams into high-performance, biodegradable ingredients through precision fermentation and green chemistry. Our portfolio includes: - 𝐌𝐢𝐜𝐁𝐞𝐚𝐝𝐬: biodegradable micro-powders for cosmetics - 𝐑𝐡𝐞𝐨𝐖𝐞𝐠: bio-based rheology and suspension control for personal & home care - 𝐀𝐠𝐫𝐢𝐖𝐞𝐠: bio-based seed & fertilizer coatings This investment brings BIOWEG’s total funding to €22M and marks a decisive step towards reshaping supply chains across cosmetics, personal care, home care, pharma, and agriculture. A huge thank you to our team, partners, and investors for joining us on the mission to create a 𝐦𝐢𝐜𝐫𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜-𝐟𝐫𝐞𝐞 𝐟𝐮𝐭𝐮𝐫𝐞, and thank you, Tech Funding News and Sofia Chesnokova for covering the news. #BIOWEG #SeriesA #Biotech #Sustainability #Microplastics #GreenChemistry
Congratulations Biswatosh Pati 🎉
Congratulations!
🎉 Congrats, Prateek and team!! 👏
Congratulations team! ✨ I wish you all the best and much success ahead 👏🏼
Congratulations, Prateek and Team! Excited for what’s next!
wow! Major achievement Prateek M. and #team BIOWEG 💚 👏
Many many congratulations BIOWEG Team 🎉🥳
Biotech R&D Leader | Ex-Founder & CEO | Systems Thinker | Personalized Health, Fermentation, and Food Innovation
5dCongratulations Prateek M. and the team! 👏🏼👏🏼👏🏼