Calyxia raises $35 million for Unique Microencapsulation Technology

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Calyxia raises $35 million for Unique Microencapsulation Technology

Investment led by Lombard Odier Investment Managers’ Plastic Circularity Fund and Bpifrance, through its Large Venture fund, bringing cumulative funding to $70M.

Paris, France – September 5, 2024  – Calyxia, an industrial B2B Cleantech innovator, certified B Corp, specializing in advanced and biodegradable microcapsules and microparticles for use in Consumer Goods, Crop Protection and Advanced Materials, announced today that it has raised $35 million in a Series B funding round. The round was led by  Lombard Odier Investment Managers, through its Plastic Circularity Fund  and  Bpifrance , through its Large Venture Fund, with strong support from existing investors including  Astanor .

Calyxia recently installed and qualified its first fully operational factory in 2023, and has secured commercial partnerships for mass-volume industrial applications with leading companies in Agriculture, Consumer Care and Advanced Materials markets.

This new capital will enable Calyxia to achieve profitability, deploy globally its innovative manufacturing technology, and establish itself as the leader in a market exceeding $10 billion by 2030. 

More specifically, with the backing of this new funding round and of the France 2030 program, Calyxia plans to expand its commercial and industrial operations, beginning with the establishment of new headquarters and a second production site in the Paris Region by Q1 2025. This new facility will increase production capacity to 3,000 tons per year, paving the way for Calyxia to achieve profitability and establish its position as the market leader.

Check out our full press release attached

 

Press release available in French

Attached link

https://calyxia.com/news/calyxia-raises-35-million-to-help-global-manufacturers-advance-product-performance-and-fight-plastic-pollution-and-ghg-emissions

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