Bind-X secures 10 million euros in a Series B financing round.

Bind-X secures 10 million euros in financing round. Investors from DE and abroad support decarbonization and biologization of established industries.

Martinsried - Bind-X has successfully closed a 10 million Euro financing round. The investors are from both Germany and abroad and include renowned names such as HG Ventures, K&K 1, Greeneering Invest and Saxovent.

The fresh capital will be used to drive the decarbonization and biologization of established industries. Bind-X is focused on products for alternative weed control in agriculture, biological dust suppression in the mining industry, and reducing the use of bitumen in road construction. Bind-X's goal is to reduce megatons of CO2 emissions through innovative binders and thus contribute to combating climate change.

Well-known investors are on board

Investors have underscored their confidence in Bind-X's versatile technology platform, Bind-Tech®, and its commitment to making entire industries more sustainable and efficient. Among the backers is HG Ventures, the corporate venture arm of Heritage Group, based in Indianapolis, USA. John Glushik, Managing Director of HG Ventures, emphasizes Bind-X's unique industrial biotechnology platform and the potential for further innovation.

Kay Balster, Principal at High-Tech Gründerfonds (HTGF), is pleased with the new investors as an ideal addition to the existing consortium. The investors' experience is expected to further drive Bind-X's growth in its core markets.

The company itself is also positive about the strong interest in the Series B financing round and thanks existing shareholders such as HTGF and Vantage Value as well as the new investors for their trust. The financing will enable Bind-X to expand globally, increase production capacity and expand the team in three international locations.

Bind-X is a pioneer in industrial biotechnology, focusing on the use of bio-based products to make established industries more sustainable. The company consists of a dedicated team committed to transforming the agriculture, mining and infrastructure sectors worldwide.