Category: Start-ups

Provectus Algae secures $11.4m to scale sustainable synthetic biology biomanufacturing platform

Read the full story at Food Navigator.

With an infusion of $11.4 million in pre-series A funding announced today, Australian startup Provectus Algae is ready to rapidly scale the commercial production capacity of its sustainable and “complementary” biomanufacturing platform that leverages algae to develop a wide range of high-value ingredients, including a high-performance blood red colorant for the alternative protein market.

The circular economy needs scale — Closed Loop Venture Group has $50 million to help

Read the full story at GreenBiz.

As 2021 draws to an end, Closed Loop Partners’ venture capital group — the Closed Loop Ventures Group — reports that it has closed its Venture Fund II, which is backed by investors including Microsoft and Autodesk Foundation. An executive for Closed Loop Partners said the investment arm surpassed its $50 million goal for the fund but did not disclose by how much…

With the fund closed, the group is shifting its attention to investing in the next generation of circular companies and supporting their founders. Closed Loop Ventures Group invests in seed and pre-seed stage companies that are focused on the development of the circular economy.

Can industrial hemp become a sustainable building material? These private investors think so

Read the full story at Marketwatch.

Hemp advocate Geoff Whaling launches RePlant Hemp Impact Fund to promote hemp as a green industrial material.

Three areas of innovation for direct air capture startups to seize this decade

Read the full story at Third Derivative.

DAC in particular is in its infancy, with only 19 active plants capturing about 10,000 tons of CO2 annually (equivalent to the tailpipe emissions of about 2,000 cars). Current technologies for DAC are far too expensive to scale to billions of tons of removal per year. However, bipartisan support for DAC is growing, and a number of startups in the space are working to pioneer new approaches and drive down costs.  

We see three main areas of innovation where current and future startups can focus to make DAC a robust and cost-effective part of the carbon removal portfolio.  

As circular economy momentum builds, Rheaply seeks to grow reuse connections

Read the full story at Waste Dive.

With new funding and award recognition, the Chicago-based startup’s goals include quantifying the savings from reuse and having more large enterprises adopt its platform.

Do Good Foods creates closed-loop system to tackle supermarkets’ food waste issue

Read the full story at Food Navigator.

As grocery chains step up their sustainability efforts, Do Good Foods is providing a solution for supermarkets to offload some of their food surplus by taking perishable foods headed to landfill (vegetables, fruit, meat, bakery items) and upcycling the food items into an animal feed ingredient for chickens, which will then go on to become the company’s first retail product: Do Good Chicken.

Cement is responsible for 8% of global emissions—but it doesn’t have to be

Read the full story at Fast Company.

A new startup, backed by Bill Gates’s Breakthrough Energy Ventures, is producing the ubiquitous building material in a way that doesn’t release huge amounts of CO2.

Kroger reveals 2 upcycling startups to receive funding

Read the full story at Progressive Grocer.

Upcycled food is the next frontier in recovering and repurposing food that may otherwise go to landfills, encouraging the reintroduction and reuse of food items into the supply chain. In an effort to advance the upcycled food industry, The Kroger Co. Zero Hunger | Zero Waste Foundation has revealed that Agua Bonita and Matriark Foods were peer-selected for impact investment funding during the retailer’s first-ever Venture Showcase, an event highlighting the second cohort of its Innovation Fund.

Slater’s Gross-Wen receives $6.5 million investment to grow algae-centric tech business

Read the full story from the Ames Tribune.

The water-cleaning technology developed by a Slater-based company has attracted the attention of a group of Iowa investors, who’ve poured $6.5 million into Gross-Wen Technologies.

Gross-Wen’s main draw is a patented process that uses algae to clean wastewater.

A world first – using rice hulls to solve water scarcity

Read the full story at The Green Techrepreneur.

How Glanris CEO Bryan Eagle launched a circular economy solution to combat water scarcity

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