Bind-X, a Martinsried, Germany-based industrial biotechnology company, closed a €10m financing round.
Backers included HG Ventures, K&K 1, Greeneering Invest, and Saxovent.
The company intends to use the funds to continue its global expansion, preparesing further market entries in agriculture, mining, and infrastructure, increase production capacity, and expand the team further at three international locations.
Led by Martin Spitznagel, founder and CEO, Bind-X is an industrial biotechnology company whose mission is to increase the sustainability of established industries through the use of biobased products. Its product portfolio includes innovative solutions for various industries and is based on the multi-patented technology platform Bind-Tech®. The company’s further growth will now focus on products for alternative weed control in agriculture, biological dust suppression in the mining industry, and the reduction of the use of bitumen in road construction.
FinSMEs
09/08/2023