Beijing Goldenway Bio-Tech Raises $11.7M from Tsing Capital

Beijing Goldenway Bio-Tech Co Ltd, (BGB) a Beijing-based environmental protection and sustainable agricultural company, has raised a $11.7m second round of venture capital financing from Tsing Capital.
The investment was made under Tsing Capital’s “China Environment Fund III”.
The company, which specializes in the use of microorganism technology to convert kitchen waste into microbial protein feed (bio-feed) and microbial fertilizer additive (bio-fertilizer additive), will use the proceeds to expand its waste treatment stations and microbial factories.
Commenting on the funding, BGB’s CEO Ms. Yu Jiayi said: “With the help from Tsing Capital and other investors, we truly believe that BGB can rapidly step up its market penetration in the organic waste treatment and agricultural markets, providing municipalities with the ideal solution to urban waste treatment and sustainable agriculture development”.

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