Cetogenix, a Roturoa, New Zealand-based clean-tech startup, raised $4.5M in seed funding.
The round was led by NZ’s Pacific Channel with support from AngelHQ and Enterprise Angels.
The company intends to use the funds to scale-up and deploy its sustainable waste-to-energy technology to aid global decarbonisation efforts.
Cetogenix is a clean technology company developing systems to convert organic waste to renewable energy and other bio-based products, which tackle climate change at a global scale, with applications including agriculture, food processing, sewage treatment and industrial manufacturing wastes.
The company’s flagship product CETO-Boost, currently under development, targets a 40% increase in renewable natural gas production when retrofitted to existing anaerobic digestion plants. The technology provides a complementary solution to other technology providers globally.
The company is actively leveraging technical and commercial partnerships in New Zealand, Australia, Canada and Europe.
FinSMEs
07/07/2022