Nanollose raises $2.1 million to scale cellulose-based fibers
In Australia, Nanollose, a startup developing biodegradable fibers from cellulose sourced from agricultural waste, has raised $2.1 million to scale production. The fundraise includes commitments for a $672,000 placement alongside a $1.05 million rights issues for eligible shareholders, and a $400,000 fee-to-equity conversion by Nanollose Directors. One of the company’s fibers recently completed its third […]
