The company’s technology converts food waste, including from Germany’s storied beer breweries, into bacterial cellulose, which has applications in cosmetics, personal care products, and pesticides.
“Our technology directly replaces AMPS [airborne microplastics], acrylic polymers, PMMA [Poly(methyl methacrylate) (Acrylic)] and nylon 6/12 powders materials that today end up as persistent microplastics in soils and waterways,” Bioweg CEO and cofounder Prateek Mahalwar tells AgFunderNews.
The funding was led by Axeleo Capital’s Green Tech Industry Fund, with participation from EIC Fund, NBank Capital, BonVenture, and seed investor Dr. Ing. Frank .
The company operates a pilot plant in Quakenbrück that produces up to six metric tons of bacterial cellulose annually, and a material science, formulation and applications lab in Monheim within Bayer Crop Science’s campus.