Tanovis participates in seed round for Lignopure GmbH
Press release: LignoPure secures € 2.2 Million seed round with High-Tech Gründerfonds, Innovationsstarter Fonds Hamburg GmbH (IFH) and Swiss Holding Tanovis AG
LignoPure invented a unique approach to replace plastics through utilization of wood waste and the team just closed its seed round with HTGF, IFH and Tanovis AG to scale its own technology for the transformation of lignin – a byproduct of the pulp and paper industries and biorefineries – into tailor made particles for life science applications and accelerate its market entry. Lignin is the second most abundant natural polymer on earth but has been so far underutilized or burned for energy production. LignoPure is positioning as game changer in the way that lignin is applied into products, offering tailor-made powders according to the intended application and bringing the properties that lignin has in nature to the end products that will be offered to consumers.
With this investment, the startup will scale up their technology for the production of 100% natural LignoBase®, ultrafine, high quality lignin particles that will be primarily offered as functional ingredient in cosmetics and replace harmful fossil-based materials. For the first time, LignoPure will be able to deliver high-quality lignin for cosmetics on ton-scale.
LignoPure works beyond the supply of lignin powders but aims to assist their customers in launching their own innovative, sustainable, and lignin-based products by offering tailored solutions and development services for Life Sciences as well as new materials.
financing round will be a cornerstone for achieving our next milestones, it
will help us accelerate market entry and position ourselves as pioneers in the
use of lignin in human consumption products. This achievement is the result of
our team’s hard work, dedication, and commitment to speed up the transition
towards a greener economy.”
Joana Gil, Co-founder and CEO LignoPure GmbH
“Being in the
lignin business for more than 15 years, Tanovis sees LignoPure as a perfect
match and a great opportunity to reach our combined target markets faster. The
founders of LignoPure bring a unique know-how and technology into our
partnership. The team of Tanovis is excited to work with the LignoPure team to
create novel and sustainable solutions based on lignin in a fast-growing market.“
Charles Walser, CEO Tanovis AG