Cellugy

Cellugy is a Danish biotech startup developing a fermentation platform to produce high-performing dry cellulose. This sustainable alternative replaces fossil-based petrochemical ingredients in personal care products, addressing environmental concerns related to pollution and microplastics. The company's EcoFLEXY product is currently in the pilot phase and is poised for significant scaling.

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Funding Round: Seed

Funding Amount: €4.9M

Date: 21-May-2024

Investors: ICIG Ventures, Unconventional Ventures, Joyance Partners, PSV DeepTech, The Footprint Firm, EIFO

Markets: Biotechnology, Personal Care, Sustainability

HQ: Århus, Midtjylland, Denmark

Founded: 2018

Website: https://cellugy.com/

LinkedIn: https://www.linkedin.com/company/cellugy/

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