Gfbiochemicals Raises €15M Series A To Advance Its Mission To End Chemical Pollution
05/05/22, 8:30 AM
Location
parisMoney raised
€15 million
Round Type
series a
PARIS, FRANCE / May 5, 2022 / GFBiochemicals, a leading sustainable chemical company, today announced a €15 million Series A funding round led by Sofinnova Partners, with participation from Sparta Capital. At a time when the chemical crisis has already passed the safe limit for human health and the environment, the round will accelerate GFBiochemicals' mission to end chemical pollution. The company aims to help fast moving consumer goods (FMCG) and industrial companies transition away from using toxic, environmentally harmful petrochemicals in everyday products.
Company Info
Location
paris, ile de france, france
Additional Info
Headquartered in Paris, GFBiochemicals is a leading sustainable chemical company with a mission to end chemical pollution. We provide the companies who make our everyday products with safe, sustainable solvents and ingredients derived from the biobased levulinic molecule. This has three benefits: it ensures that everyday products are biodegradable, non-harmful and carbon friendly. GFBiochemicals has offices and R&D facilities in the Netherlands and the United States, operations in India, and over 200 active patents across 40 patent families. Through our Joint Venture, NXTLEVVEL, we leverage our proprietary technology to enable commercial-scale manufacturing of our product. For more information, please visit: http://www.gfbiochemicals.com/company/.