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Tag: Äio

Biotechnology startup ÄIO lands VC investment for oils and fats from wood and agricultural residues

Biotechnology startup ÄIO lands VC investment for oils and fats from wood and agricultural residues

October 9, 2024 |

In Estonia, biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC. The funds will be used to build a demo plant in Estonia to produce environmentally friendly oils and fats from wood and agricultural residues, offering an alternative to the widely used oils in […]

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Äio raises €6.1 million to scale sawdust-to-palm oil technology

Äio raises €6.1 million to scale sawdust-to-palm oil technology

September 30, 2024 |

In Estonia, foodtech startup Äio has closed a €6.1 million ($6.8 million) funding round to build a demonstration-scale, fermentation-based production unit converting crop and wood waste into palm oil and animal fats. Investors included Voima Ventures, 2C Ventures, Nordic Foodtech VC, and SmartCap Green Fund. “Providing sustainable alternatives to products such as palm oil or […]

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