French biotech Abolis Biotechnologies raises €35M to boost microbial ecosystem engineering

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Abolis provides tailor-made industrial solutions based on natural and modified micro-organisms.\r\nInvestors include BOLD (L'Oréal's venture capital fund), Evonik Venture Capital. DeepTech &…","articleSection":"Sustainability","articleBody":"French company Abolis Biotechnologies has closed a €35 million financing round. \r\nAbolis is a French company delivering high-impact innovations in biotechnologies that supports industries in transitioning to a more sustainable production model by building a better future in collaboration with Nature. Abolis provides tailor-made industrial solutions based on natural and modified micro-organisms.\r\nInvestors include BOLD (L'Oréal's venture capital fund), Evonik Venture Capital. 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href="/cdn-cgi/l/email-protection#625d111700080701165f2410070c010a42000b0d1607010a4223000d0e0b1142200b0d1607010a0c0d0e0d050b07114210030b1107114280e0ce51572f42160d42000d0d1116420f0b01100d000b030e4207010d111b1116070f42070c050b0c0707100b0c0544000d061b5f0a16161211584d4d1607010a4c07174d505250564d525b4d53504d0410070c010a4f000b0d1607010a4f03000d0e0b114f10030b1107114f07171051570f4f160d4f000d0d11164f0f0b01100d000b030e4f07010d111b1116070f4f070c050b0c0707100b0c054d">Send email</a> <a class="dropdown-item copy-clipboard" data-content="https://tech.eu/2024/09/12/french-biotech-abolis-raises-eur35m-to-boost-microbial-ecosystem-engineering/" title="Copy link">Copy link</a> </div> </div> </div> </div> </div> </div> <div class="col-12 col-md-8">  <div class="single-post-content"> <p><span data-preserver-spaces="true">French company </span><strong><a href="https://www.abolis.fr/" target="_blank"><span data-preserver-spaces="true">Abolis Biotechnologies</span></a></strong><span data-preserver-spaces="true"> has closed a €35 million financing round. </span></p> <p><span data-preserver-spaces="true">Abolis is a French company </span><span data-preserver-spaces="true">delivering</span><span data-preserver-spaces="true"> high-impact innovations in biotechnologies </span><span data-preserver-spaces="true">that</span><span data-preserver-spaces="true"> supports industries in transitioning to a more sustainable production model by building a better future in collaboration with Nature. Abolis provides tailor-made industrial solutions based on natural and modified </span><span data-preserver-spaces="true">micro-organisms</span><span data-preserver-spaces="true">.</span></p> <p><span data-preserver-spaces="true">Investors include BOLD (L'Oréal's venture capital fund), Evonik Venture Capital.</span><strong><a href="https://tech.eu/2024/01/16/membion-secures-5m-for-wastewater-treatment-tech/" target="_blank"><span data-preserver-spaces="true"> DeepTech & Climate Fonds</span></a></strong><span data-preserver-spaces="true"> (Germany), Clay Capital (Singapore), ICOS Capital (Netherlands), and the transatlantic investment firm Liberset. </span></p> <p><span data-preserver-spaces="true">This funding will enable Abolis to scale its biomanufacturing operations, accelerate business development, develop its </span><span data-preserver-spaces="true">own</span><span data-preserver-spaces="true"> line of products and expand the activities of Microbiome Studio, Abolis' business unit dedicated to deciphering and engineering microbial ecosystems. </span></p> <p><span data-preserver-spaces="true">"We are delighted to announce the successful closing of our </span><span data-preserver-spaces="true">fundraise</span><span data-preserver-spaces="true"> with leading industrial partners and industry-focused investors. This strategic funding will fuel our continued growth trajectory, strengthening our position as a European leader in biomanufacturing and microbiome solutions," declared Cyrille Pauthenier, CEO of Abolis Biotechnologies. </span></p> <p><span data-preserver-spaces="true">The investment is accompanied by the signing of a new strategic industrial partnership between Abolis, L'Oréal and Evonik to bring selected innovations to market</span><span data-preserver-spaces="true">, for</span><span data-preserver-spaces="true"> healthcare, cosmetic and chemical sectors.</span><span data-preserver-spaces="true"> </span></p> <p><span data-preserver-spaces="true">"We are delighted to strengthen L'Oréal's collaboration with Abolis, which started in 2019, as a long-term partner of the Group at the forefront of sustainable biotechnology," shared </span><span data-preserver-spaces="true">Samantha Etienne, CEO of BOLD, L'Oréal's venture capital fund, shared:</span></p> <blockquote> <p><em><span data-preserver-spaces="true">"This investment highlights our belief in Abolis' potential to create a more sustainable future across various industries, including beauty. We </span><span data-preserver-spaces="true">are looking</span><span data-preserver-spaces="true"> forward to collaborating with the talented Abolis team to support their continued growth and success." </span></em></p> </blockquote> <p><span data-preserver-spaces="true">"Biotechnology as a lever for sustainable transformation is a key component of Evonik's growth strategy," added Bernhard Mohr, Managing Director of Evonik Venture Capital. </span></p> <blockquote> <p><em><span data-preserver-spaces="true">"Abolis' competencies in strain development and metabolic engineering ideally complement Evonik's expertise in fermentation processes, downstream processing, and scale-up for commercial production.</span></em></p> <p><em><span data-preserver-spaces="true">The strategic collaboration of our Business Line Care Solutions with Abolis and L'Oréal, alongside our investment, will facilitate access to a wide range of markets, including cosmetics, nutrition, and healthcare." </span></em></p> </blockquote> <p><span data-preserver-spaces="true">Beyond the industrial collaboration, this investment will enable Abolis to develop </span><span data-preserver-spaces="true">its portfolio</span><span data-preserver-spaces="true"> of innovative ingredients, which will </span><span data-preserver-spaces="true">be industrialised</span><span data-preserver-spaces="true"> with partners. </span></p> <p><em><span data-preserver-spaces="true">Lead image: Abolis Biotechnologies. 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French biotech Abolis Biotechnologies raises €35M to boost microbial ecosystem engineering - Tech.eu