TRACELESS® secures €36.6 million for construction of first industrial plant
It is an important step towards the future: After its success in securing €36.6 million in the Series A investment round, the Hamburg-based bioeconomy start-up traceless materials will be able to produce its biocircular plastic alternative at an industrial scale in the future and thus sustainably replace many tonnes of plastic. The funding brings the founders, Dr Anne Lamp and Johanna Baare, another step closer to the goal of their mission “to make a contribution to a regenerative, climate-friendly economy and a future free from plastic pollution”..
The funding round is led by the private equity fund UB Forest Industry Green Growth Fund (“UB FIGG”), which invests in sustainable and resource-efficient forest and bio-based industries. The round also involves SWEN Blue Ocean, which invests in innovations that help address the three existential threats to ocean health: overfishing, pollution, and climate change. A local banking syndicate consisting of GLS Bank, Hamburg, and Hamburger Sparkasse also participated in the financing round, as well as the company’s three existing investors, Greentech investor Planet A Ventures, seed investor High-Tech Gründerfonds (HTGF), and deep tech investor b.value. “We are convinced that UB FIGG and SWEN’s Blue Ocean fund are a great addition to our shareholders as they have relevant knowledge in our industry. The fact that both our investors and the banks fully support our mission was a decisive criterion for us,” said Dr Anne Lamp in the start-up’s official press release.
The bold step of founding traceless materials in 2020 was successfully supported by Startup Port @TUHH and the Calls for Transfer funding programme, both offered by Hamburg Innovation.
Initial spark through C4T
Two successive C4T projects marked the start for an impressive series of follow-up funding. In addition to being honoured with the 2022 Gründerpreis, it is funding such as the current Series A that demonstrates the potential for success of start-up financing from C4T.
The “Calls for Transfer” programme, made possible by the Hamburg Ministry of Science, Research, Equalities and Districts (BWFGB), has been promoting the transfer of ideas, knowledge and technology at Hamburg’s public universities since 2018. The programme supports project applications from all disciplines for up to one year with a maximum of €30,000. The ninth call marked the end of the successful C4T pilot phase, which has already enabled 134 ideas from Hamburg’s universities to enter the realisation phase.
Picture credit in header: traceless materials
More on C4T
You can find further information on the programme and answers to frequently asked questions here:
PRESS
Contact
Contact person for Calls for Transfer
Mareike Post
Project Manager of the “Calls for Transfer” funding programme
Hamburg Innovation GmbH
Tel: +49 40 76629-3153
Email: post@hamburginnovation.de
C4T stories
You can find further information on the programme and answers to frequently asked questions here:
RELA
TED
Hamburg Innovation Summit: Connect. Collaborate. Create.
The Hamburg Innovation Summit (HHIS) will take place on 12 September 2024, including the presentation of the Hamburg Innovation Awards (HHIA). The event in the
Strong partnership paves the way for worldwide application: research team at UHH cooperates with Siemens Healthineers on innovative imaging method
The medical imaging method developed with the aid of Calls for Transfer should now be destined for use in laboratories around the world. To date,
Follow-up funding secured: C4T project on deep fakes selected for BMBF “DATIpilot” funding programme
C4T provides framework for further developing research project on protecting authorship of information on social media Especially in critical political situations, information on social media
Startup Port founders honoured
For start-ups supported by Startup Port, this year’s GründerGeist start-up competition awards were a huge success, and especially so for mo:re from Hamburg University of