Vienna’s Arkeon Biotechnologies, a startup converting CO2 into functional, carbon-negative ingredients for food; raised seed funding of €6.5 million last March and now announces it has secured another four million euros.
Arkeon’s technology uses gas fermentation to transform CO2 into proteins and the process, according to the company, generates all 20 essential amino acids using a microorganism that produces them in just one fermentation process. The resulting proteins require 99% less land and only 0.01% of the amount of water used by conventional agriculture.
New investors include ICL, aws Gründerfonds, FoodHack and Tet Ventures, with the fresh funds going towards the expansion of its proprietary technology as well as the planning of a new R&D centre.
“We are very pleased to have the support of our new strategic partners as well as the strong commitment of our existing investors to make the sustainable production of proteinogenic ingredients a reality,” says CEO Gregor Tegl to Trending Topics.