PreSeed Ventures, The Footprint Firm, North-East Family Office, and Denmark`s Export and Investment Fund, along with their expertise, are also investing 13 million DKK in this pre-seed investment round.
“We look forward to being a part of an exciting and challenging journey towards replacing fossil-based microplastics with fermented biocellulose,” says Jakob Rybak-Andersen, Fund Director, PreSeed Ventures.
This round of investments will help accelerate the commercialization of our flagship product, EcoFlexy, a multifunctional ingredient with the potential to be distributed across various industries, including the personal care industry.
“We at The Footprint Firm are so excited about this partnership with Cellugy. In Cellugy, we see a strong team and an even stronger technological platform. We are excited to see what the future holds in this era of biotech fueling the green transition,” says Jonas Ahm-Lundgren, Chief Investment Officer, The Footprint Firm
“THE FUTURE IS GREEN—CELLUGY IS LEADING THE WAY! The commercial mindset of the ambitious team at Cellugy has also impressed us in addition to the scientific findings,” says Sara Sande, Investment Director, Denmark`s Export and Investment Fund
Additional resources on the Pre-seed investment round:
For more than two decades, we have scouted, mentored, and funded Danish success stories like Vivino, Trustpilot, Lunar, Seaborg Technologies, and Glycom. Altogether, we lived well over 400 journeys alongside young guns, big egos, and eccentrics - the best kind, if you ask us.
The Footprint Firm is an advisory and investment company. They connect companies, science, academia, government institutions, startups, and capital. They work for climate-positive innovations and sustainable solutions.
North-East Family Office is a global multi-family office founded in 2013. To be full-service providers, they have grown to cover a wide range of specialist fields. They are headquartered in Hellerup, just north of Copenhagen in Denmark, and have offices in Singapore. Our families reside on several continents, and our work and internationally focused activities require a global presence.
Denmark´s Export - and Investment Fund is a new, state-owned fund that serves as a single point of contact for all Danish companies in need of state-financed risk capital. We cover entrepreneurs, small and medium-sized companies that need capital to unfold their full potential, and export companies that wish to conquer new or emerging markets.
