Cellugy raise 4.9 MEUR

(Søborg, developing innovative, natural, bio-fabricated cellulose-based solutions to replace fossil-based materials in various industrial applications): Has raised 4.9 MEUR in a funding round from EIFO, ICIGVentures, Joyance Partners, PSV DeepTech, The Footprint Firm, and Unconventional Ventures with members Nora Bavey and Thea Messel. “Reliance on fossil-based petrochemical ingredients is today’s most critical sustainability issue in producing personal care products. With our technology, we genuinely see a future completely free from these polluting ingredients,” comments Dr. Isabel Alvarez-Martos, CEO and co-founder at Cellugy.