Catalyxx, a Sevilla, Spain-based startup turning bioethanol into renewable chemicals, raised €3M in funding.
The round, which brought the total amount other than $18M, was led by Axon Partners Group.
The company intends to use the funds to accelerate the development of its sustainable chemicals R&D and SAF (sustainable aviation fuel) production facility in Seville.
Led by CEO Joaquín Alarcón, Catalyxx is a greentech company advancing patented technology (catalytic chemistry) that turns bioethanol into high value intermediate chemicals (butanol, hexanol, octanol and decanol). The company is CO2 negative and reduces 3.5 kg of CO2 per kg of chemical produced. Tested at the demonstration plant (TRL7), the system is scalable and ready for industrial scale implementation.
In parallel, Catalyxx has received pre-approval from the European Investment Bank (EIB) to begin due diligence on a €37M financing package for its first full-scale industrial plant in France.
FinSMEs
19/05/2025