Key points:
- Argentine biotech startup, Bioeutectics, has secured $2.1 million in funding for its eco-friendly solvent launch in the U.S.
- The funding was led by Fen Ventures and Atento Capital, with participation from GridX, Syensqo Ventures, and IndieBio.
Bioeutectics specializes in developing environmentally friendly solvents and aims to reduce the world’s chemical environmental impact across various sectors. The startup uses natural compounds to produce solvents that are sustainable and more accessible than traditional compounds. It has developed over 30 solvent products and plans to have them in the market by spring 2024. With the new investment, Bioeutectics will grow its team, scale its artificial intelligence platform, and expand production to start selling this year. The funding will support the startup’s U.S. expansion and help it commercialize its eco-friendly solvents in a broader market.
