Bind-X, a Munich-based industrial biotechnology start-up, raises over €10 million for sustainable products in agriculture, mining, and road construction.
Investors include HG Ventures and Saxovent
Funds will be put to use creating products for alternative weed management in agriculture, for ecological dust suppression in the mining industry, and for bitumen reduction in road construction as the company seeks to expand its team.
The funding round includes investment from HG Ventures, K&K 1, Saxovent, and Greeneering Invest.
“We are excited about the great interest in our Series B financing round and grateful for the trust that our existing shareholders, HTGF and Vantage Value, as well as new investors, are placing in Bind-X. This financing will enable us to further drive our global expansion, increase our production capacities accordingly and further expand our team at three international locations,” says Martin Spitznagel, founder and CEO of Bind-X.
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