07-11-2024

Catalyxx secures financing to advance green chemistry technology

Catalyxx Inc, a leading innovator in green chemistry, has successfully completed a $5.8 million Series A equity round led by Aether Chemical Investments, a single-asset investment vehicle sponsored by Beka Finance, a prominent investment firm specializing in high-growth companies with strategic potential. This investment will enable Catalyxx to finalize the scale-up of its proprietary technology and develop a portfolio of industrial plants globally, introducing sustainable solutions to a broader market. Aether has a partnership agreement with Catalyxx to fund this Series A as well as future investment needs.

This equity round complements the €9.5 million funding Catalyxx recently secured through the European Commission’s EIC Accelerator Program, which supports innovative companies with high-impact technologies. Combined, this funding provides a robust financial foundation for Catalyxx’s growth, enabling the company to expedite the deployment of its proprietary green chemistry technology that converts bioethanol into high-value bio-based chemicals (including n-butanol, hexanol, octanol, and decanol). This technology offers a fully sustainable, carbon-negative, and cost-competitive alternative to traditional petroleum-based high-alcohol-content chemicals in the market.

The funds from this Series A round will be used primarily to achieve the latest stage of development of Catalyxx’s technology, ensuring its readiness for commercial deployment on a global scale, while supporting the company’s long-term strategy of developing, building and operating industrial plants. Catalyxx’s vision is to lead the market by offering high-performance, environmentally friendly alternatives to fossil-based products, positioning the company at the forefront of the green chemistry revolution.

Aether’s participation in this equity round underscores strong confidence in Catalyxx’s technology and growth potential. With this financial support, Catalyxx is well-prepared to execute its ambitious growth strategy and contribute significantly to the global shift toward sustainable industrial practices.

Joaquín Alarcón, CEO of Catalyxx, commented: “We are thrilled to have secured $5.8 million in this Series A equity round, led by Beka Finance through Aether. This funding allows us to significantly accelerate the scale-up of our proprietary technology, moving us closer to the industrialization of our processes and bringing bio-based high-value chemicals to a global market. It will also enable us to expand our bio-based product portfolio, developing technologies to produce Sustainable Aviation Fuel (SAF) and new competitive biofuels. With this backing, Catalyxx is well-positioned to lead the next wave of innovation in green chemistry.”

Carlos Stilianopoulos, CEO of Beka Finance, stated: “We are proud to support Catalyxx in its journey toward revolutionizing the chemical industry. Their innovative approach to developing bio-based, sustainable alternatives to fossil-derived chemicals aligns with our commitment to backing high-growth companies that have the potential to drive significant industrial change. Catalyxx’s technology is expected to reduce the production cost of n-butanol, which will increase the industry’s competitiveness while reducing its carbon footprint throughout the coming decade. We believe in Catalyxx’s vision and are confident that their proprietary technology will play a major role in the global transition to more sustainable industrial practices.”