Post by HTGF | High-Tech Gründerfonds

🌱 Dutch biotech company Mevaldi B.V. has closed a funding round with HTGF | High-Tech Gründerfonds and ICIG Ventures, the venture capital unit of International Chemical Investors Group (ICIG). Mevaldi is a biotech company and pioneer in the field of building blocks for sustainable polymers and polyurethanes made from natural biological raw materials. For example, they use sugar to make soles of sneakers and sawdust as the basis for insulation material for housing. This investment will enable Mevaldi to further scale up its breakthrough technology. This is a crucial step towards a circular European chemical sector. 👟   💬 Roger Ottenheym, CEO of Mevaldi, says: "We are delighted to welcome HTGF and ICIG Ventures as strategic investors. Their deep expertise in scaling up and focus on sustainability make them ideal partners in our next step to market – on sugar soles."   🗨️ Dr. Lena-Sophie Schütter, Investment Manager at HTGF, adds: "Mevaldi’s technology presents a promising approach for the production of sustainable materials. With successful scaling, their platform could contribute meaningfully to the advancement of bio-based chemistry. We are proud and happy to be able to contribute to this promising development at this early stage."   Congratulations to the founders, Roger O., Kristel de Ridder and Erik Rutten - as wells as the whole team. Learn more by following the link in the comments. 👇