Allonnia, a Boston, MA-based bio-ingenuity company, raised $30M in Series A extension funding.
The round, which brought the total amount to $90M, was led by Bison Ventures, with participation from IRONGREY, BHP Ventures, Vale Ventures, Wholestack and PPNG along with existing investors Battelle, General Atlantic and Viking Global Investors.
The company intends to use the funds to expedite development of its biotechnology and engineered products through adaptive platforms capable of tackling waste challenges across metals and mining, plastics and PFAS, plus other emerging contaminants.
Led by CEO Nicole Richards, Allonnia is a bio-ingenuity company dedicated to solving waste challenges The company leverages remediation, upcycling and valorization technology to provide biological solutions for sustainable mining practices, decarbonization, emerging contaminants, and plastics upcycling.
In 2022, Allonnia formed a partnership with EPOC Enviro to launch EPOC’s Surface Active Foam Fractionation® (SAFF®) technology in North America. SAFF combines aeration and vacuum to remove ~99% of target PFAS from contaminated water. The company will soon bring to market additive enhancements to SAFF that will ensure removal of target long and short chain compounds to below EPA’s proposed maximum contaminant levels in the majority of waters treated. Additionally, Allonia announced the discovery of a new protein capable of serving as a PFAS biosensor for near real-time screening of PFAS in water in the field.
This year, the company launched 1,4 D-Stroy, a microbe-based solution capable of degrading 99% of the cancer-causing chemical 1,4-dioxane in contaminated groundwater into H2O and CO2 within the span of several weeks, using a naturally occuring microbe. In the coming months and years, Allonnia has its sights set on exploring and commercializing visionary projects like CO2 bio-mineralization, rare earth metal element upcycling, and plastics upcycling.
FinSMEs
12/07/2023