Again, a Copenhagen, Denmark-based carbon utilization company, raised $43M in Series A funding.
The round was led by GV and HV Capital, with participation from Kompas VC, EIFO – Denmark’s Export and Investment Fund, ACME Capital, and Atlantic Labs.
The company intends to use the funds to build additional production capacity to deliver green chemicals to customers, including its landmark agreement with global chemical distributor HELM AG, and R&D to expand its product portfolio and bring more molecules to market.
Co-founded by Dr. Torbjørn Jensen and Max Kufner, Again provides a biomanufacturing process that combines millennia-old bacteria with biotechnology. The company ferments CO₂ and hydrogen into emission-free chemical products in a one-step carbon capture utilization process to reduce emissions and decarbonize the petrochemical industry. So far, it transforms CO₂ into acetate, an important base chemical for adhesives, solvents, plastics, textiles, and cosmetics.
The capital brought the total raised by Again to $100M, including a $47M Horizon Europe grant for the PyroCO2 project.
FinSMEs
17/07/2024