Mevaldi Secures Funding to Scale Green Chemistry Technology
Summary
Mevaldi secured funding from HTGF and ICIG Ventures to scale its bio-based chemical technology. The company plans to move production of 3MPD from pilot scale to demonstration scale. It uses renewable raw materials and a patented hybrid bio-thermocatalytic process to make building blocks for coatings, adhesives, elastomers, polyesters, and polyurethanes. The production chain stays entirely within Europe by using ICIG’s plant capacities. The funding supports commercialization and aligns with circular economy goals.
Funding
Amount
None
Total raised
Date
September 10, 2025
Announcement date
Investors
International Chemical Investors Group, High-Tech Gründerfonds
Lead investors
Company
-
Funded company
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