Source: High-Tech Gründerfonds
Lignopure secures € 2.2 Million seed round with High-Tech Gründerfonds, Innovationsstarter Fonds Hamburg GmbH (IFH) and Swiss holding Tanovis AG
Lignopure has invented a unique approach to replace plastics by utilizing wood waste, and the team just closed its seed round with HTGF, IFH and Tanovis AG to scale its own technology for the transformation of lignin – a byproduct of the pulp and paper industries and biorefineries – into tailor–made particles for life science applications, and to accelerate its market entry.
With this investment, the startup will scale up their technology to produce 100% natural LignoBase®, ultrafine, high-quality lignin particles that will be primarily offered as functional ingredients in cosmetics to replace harmful fossil-based materials. For the first time, Lignopure will be able to deliver high-quality lignin for cosmetics on a larger scale.
Lignopure goes beyond just supplying lignin powders. They also aim to assist their customers in launching their own innovative, sustainable, and lignin-based products by offering tailored solutions and development services for life sciences and new materials.
Source and complete article:
https://www.htgf.de/en/htgf-investment-lignopure/