Danish industrial biotech startup Cellugy raises €4.9 million to replace petrochemicals in personal care products

Published on May 21, 2024

Søborg-based Cellugy, a Danish industrial biotech startup developing innovative, natural, biofabricated cellulose-based solutions to replace fossil-based materials in various industrial applications, has raised €4.9 million in seed funding to scale up production of its EcoFLEXY dry cellulose product to industrial volumes. The round was led by Germany’s ICIG Ventures and Denmark’s Unconventional Ventures, with new,…

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