New Iridium Raises $2.65M in Seed Funding to Accelerate Sustainable Chemical Platform.
06/11/25, 1:09 PM
Location
fort collinsMoney raised
$2.65 million
Industry
renewable energy
energy
biotechnology
manufacturing
Round Type
seed
New Iridium, a sustainable chemical innovation company, announced it has raised $2.65 million in seed financing. This funding will be used to accelerate the development of its low-cost and low-carbon platform technology and to construct an industrial pilot facility. The facility will validate process scalability for producing bio-based acetic acid and ethyl acetate. New Iridium's efforts are underscoring their commitment to delivering sustainable replacements for fossil-derived chemicals.
Company Info
Location
fort collins, colorado, united states
Additional Info
New Iridium is a Colorado-based sustainable chemical innovation company developing a next-generation platform for low-carbon chemical manufacturing. The company integrates thermal and photocatalytic technologies with bio-based feedstocks and captured CO₂ to efficiently transform renewable inputs into high-value chemicals. Their products aim to serve as sustainable, drop-in replacements for fossil-derived chemicals, supporting the transition to a low-carbon chemical industry. Founded in 2020, New Iridium is focused on driving a new paradigm in chemical manufacturing with clean technology and domestic production resilience.