Mevaldi secures financing

The biotech company Mevaldi B.V. has successfully completed a financing round with High-Tech Gründerfonds (HTGF) and ICIG Ventures, the venture capital unit of the International Chemical Investors Group (ICIG). Mevaldi intends to use the fresh capital to further scale up its patented technology for the production of bio-based chemical building blocks. A decisive step towards a circular and fossil-free chemical industry in Europe.

Bio-based building blocks as an alternative to fossil raw materials

Mevaldi has been a pioneer in the field of sustainable polymers and polyurethanes since it was founded in 2020. At its heart is the development of 3MPD, an innovative building block for high-performance applications in coatings, adhesives and elastomers.

In contrast to fossil-based variants, 3MPD at Mevaldi is based on renewable raw materials: Sugar, for example, is used for the production of sneaker soles, while sawdust forms the basis for insulating materials. The process combines biotechnological and thermochemical processes that enable a low environmental impact at competitive prices.

From pilot to demonstration

The financing round follows an EU grant as part of the Circular Bio-based Europe Joint Undertaking (CBE JU) program. With the new capital, Mevaldi is taking the step from pilot to demonstration scale. At the same time, the flagship product Pentonext® for sustainable polyesters and polyurethanes is to be established on the market.

With HTGF and ICIG Ventures, we are gaining partners who combine scaling experience and a focus on sustainability. Together we are taking the next step - on sugar soles.

Roger Ottenheym, CEO Mevaldi

Strategic investors with industry experience

• HTGF: One of Europe's leading early-stage investors with a fund volume of over 2 billion euros and more than 780 financed start-ups.
• ICIG Ventures: Part of the ICIG Group (turnover > € 4 billion, 7,150 employees), with a focus on industrial biotechnology, chemistry and materials.

Mevaldi's technology has the potential to significantly advance bio-based chemistry. We are pleased to be able to accompany this path at an early stage.

Dr. Lena-Sophie Schütter, Investment Manager at HTGF

Contributing to the EU's autonomy and climate targets

With 3MPD, Mevaldi is on its way to becoming the world's first commercial provider of this building block. The company is thus making a direct contribution to the EU's strategic goals:

• Independence from fossil raw materials and global supply chains
• Strengthening the European circular economy
• Contribution to climate neutrality

The company combines scientific excellence with industrial feasibility and is positioning itself as a key player in the transformation of the chemical industry.