BIOWEG has raised €16M in a Series A round led by Axeleo Capital to scale biodegradable alternatives to microplastics. The funding will support their first industrial bacterial cellulose plant in Germany.
Sep 16, 2025•11 days ago
Amount Raised
€16 Million
Round Type
series a
Investors
Dr. Ing. Frank JennerBon VentureN Bank CapitalEic FundAxeleo Capital
Description
BIOWEG, a German biotechnology company, has closed a €16 million Series A round. The funding will support the scaleup, commercialisation, and construction of their bacterial cellulose plant in Germany. The round was led by Axeleo Capital and included several notable investors. This financing enables BIOWEG to advance its production capabilities to meet the demand for sustainable ingredients.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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