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AMSilk GmbH: AMSILK Raises EUR 29M to Accelerate Commercialization of Its High-Performance Bio-Based Silk Polymers
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The company intends to use the funds to:
accelerate the ongoing scale-up of its industrial projects worldwide,
drive further the internationalization of its commercial activities as it continues to expand its customer base into new markets.
The round was led by Novo Growth, the growth equity arm of Novo Holdings with participation from new investors Cargill and E.R. Capital Holdings as well as existing investors MIG Verwaltungs AG and ATHOS KG. In conjunction with the funding, Kartik Dharmadhikari, Partner and Anders Bendsen Spohr, Senior Partner at Novo Holdings, will join the Supervisory Board.
Led by Ulrich Scherbel, Chief Executive Officer, AMSilk is an industrial supplier of synthetic silk biopolymers. Its products are made from plant-based raw material via bacterial fermentation, have mechanical and biochemical properties, and have applications across many industries.
silk polymers
AMSilk to accelerate industrial scale-up and expand commercial operations into new markets
Munich, May 11, 2021 - AMSilk GmbH ( AMSilk ), the world s first industrial supplier of synthetic silk biopolymers, today announces the successful closing of a EUR 29 million Series C fundraise. The financing was led by Novo Growth, the growth equity arm of Novo Holdings, with participation from new investors Cargill and E.R. Capital Holdings as well as existing investors MIG Verwaltungs AG and ATHOS KG.
AMSilk is a world leader in supplying innovative high-performance bio-based silk materials with a vision to use its proprietary technology platform to lead the change to better and more sustainable products. Its products are made from plant-based raw material via bacterial fermentation, are extremely versatile with extraordinary mechanical and biochemical properties, and have applications across many industries. The environmentally friendly, sustainable silk biopolymers can be
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COPENHAGEN, Denmark, May 11, 2021 /PRNewswire/ Novo Growth, the growth equity arm of Novo Holdings, today announced that it has led a EUR 29 million series C investment in AMSilk, the world s first industrial supplier of synthetic silk biopolymers. The financing also included new investors Cargill and E.R. Capital Holdings as well as existing investors MIG Verwaltungs AG and ATHOS KG. Kartik Dharmadhikari, Partner and Anders Bendsen Spohr, Senior Partner at Novo Holdings will join the Supervisory Board.
AMSilk is a world leader in supplying innovative high-performance bio-based silk materials with a vision to use its proprietary technology platform to lead the change to better and more sustainable products. Its products are made from plant-based raw material via bacterial fermentation, are extremely versatile with extraordinary mechanical and biochemical properties, and have applications across many industries. The environmentally friendly,
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