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Anodyne Chemistries Inc.(“Anodyne” or the “company”) has announced the completion of a $6.2M Seed financing.
Anodyne will use this latest round of funding to scale up its development of its C-Series product line, establish its first MP3– multi-product pilot plant – as well as to further deepen an already robust talent pool of executives, chemists and award-winning scientists and engineers.
Anodyne’s customers include some of the world’s notable Consumer Packaged Goods (CPG) firms and the funding will enable Anodyne to continue their expansion into global markets, deepening their relationships with industrial clients seeking alternative uses for their CO2 waste streams.
“Anodyne is on track to become a critical enabler of decarbonization in the chemical industry, defining a new segment in a multi-trillion dollar industry,” said Dr. Iain Evans, CEO. “The company’s success to date proves that there is significant demand for bioelectric methods of chemical production. For customers, choosing between toxic, fossil-based chemicals and cheaper, safer, environmentally friendly bio-chemicals from Anodyne is a no-brainer.”
“This is a landmark in our young company’s history, and we want to thank our investors for their support as well as for their belief in our technology, team, and mission of decarbonizing the chemicals industry,” said CSO Manou Davies. “Our fundamental green chemistry and enzymatic technology have allowed us to create both products and technologies that no-one in our industry currently possesses. Innovations like Anozymes™️ and bioelectric manufacturing illustrate how we understand the needs of our customers who are operating in an environment where product costs and emissions profiles are inextricably tied to the feedstocks they use.”
Fort Capital Partners acted as financial advisor to Anodyne.