Polish sustainability startup EcoBean secures €7M in funding
Summary
Warsaw-based sustainability startup EcoBean has secured a 7 million investment round from as a result of qualifying for the European Funds for a Modern Economy (FENG) program, My Company Polska reports. The companys solution is based on a spent coffee grounds collection service, which is later processed into green raw materials and products. The raw materials obtained after the valorization process are coffee oil, antioxidants, polylactide (PLA), lignin, and protein additives. EcoBean acquired the funding after qualifying for the FENG program which supports innovation by focusing on research and development projects aimed at green transformation. The funding will also enable the development of new technological solutions, with an emphasis on industrial production and specialized chemical applications.