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Avantium has raised $116.0M across 2 funding rounds.
Key people at Avantium.
Avantium has raised $116.0M in total across 2 funding rounds.
Avantium is an Amsterdam, North Holland, Netherlands-based renewable chemistry company that develops and commercializes bio-based chemicals and plastics, such as polyethylene furanoate, from plant sugars to replace fossil-based materials. The publicly traded enterprise operates a business model centered on technology licensing, commercial product sales, and advanced catalysis R&D services, generating €18.2 million in revenue throughout 2023. Operating with approximately 250 employees and a market capitalization of roughly €110 million, the firm has raised $139.1 million in total funding and recently secured an additional €70 million through a 2024 rights issue to complete its flagship manufacturing facility in Delfzijl. Avantium provides its sustainable packaging and textile solutions to major corporate customers and strategic partners, including Coca-Cola, Danone, Carlsberg, and LVMH. The organization was founded in February 2000 as a corporate spin-off from Royal Dutch Shell.
Avantium has raised $116.0M across 2 funding rounds. Most recently, it raised $52.0M Series G in May 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2014 | $52M Series G | — | Soffinova Partners | Announced |
| Jun 1, 2011 | $64M Series U | — | Soffinova Partners | Announced |
Key people at Avantium.
Avantium is a Netherlands-based technology company specializing in renewable chemicals and materials, developing and commercializing technologies to replace fossil-based plastics with sustainable alternatives derived from plant-based sugars, wood residues, and carbon dioxide.[1][2][4] Its flagship products include FDCA (furandicarboxylic acid), a key building block for the 100% plant-based, recyclable polymer Releaf® (PEF) used in packaging, textiles, and films, alongside plantMEG (plant-based mono-ethylene glycol) and Dawn Technology® for recycling blended textile waste into high-value chemicals and fibers.[2][3][4][5] Avantium serves consumer goods, packaging, and textile industries by solving the problem of fossil resource dependency, enabling circular plastics with superior performance and lower carbon footprints in markets exceeding $200 billion.[2][4] The company demonstrates growth momentum through operational pilot plants, a flagship FDCA facility in Delfzijl, an IP portfolio of over 175 patent families, and strategic partnerships to scale commercialization.[2]
Founded in 2000 and headquartered in Amsterdam, Netherlands, Avantium emerged from expertise in catalysis, chemical process development, and polymers to pioneer renewable chemistry technologies.[1][2] The company evolved from early R&D in biomass conversion—such as the DAWN process validated since 2018—to focus on the polyester value chain, including FDCA/PEF production and textile recycling.[2][3] Pivotal moments include building state-of-the-art labs, three pilot plants in Geleen and Delfzijl, and the FDCA Flagship Plant, alongside publishing breakthroughs like Dawn Technology® in Nature Communications, which enables fiber-to-fiber recycling of cotton-polyester blends.[2][3] This progression reflects over 20 years of advancing from research to commercial-scale operations through collaborations with aligned partners.[2]
Avantium rides the global shift toward a circular plastics economy, capitalizing on regulatory pressures like EU plastic directives and consumer demand for fossil-free materials amid climate goals.[2][4] Timing aligns with escalating textile waste (less than 1% recycled) and bioplastics market growth, where PEF targets $200+ billion in packaging and textiles.[2][3] Favorable market forces include abundant renewable feedstocks, electrochemical CO2 utilization, and validated scalability, positioning Avantium to de-fossilize the chemical industry.[4][5] It influences the ecosystem by partnering for commercialization, advancing fiber-to-fiber recycling, and providing R&D platforms, fostering innovation in sustainable polymers.[2]
Avantium is primed to expand its pipeline, with commercialization of the FDCA Flagship Plant, Dawn Technology®, and CO2-to-chemicals processes driving revenue in high-growth sectors.[2][3][4] Trends like stricter emissions regulations, bio-based polymer adoption, and textile circularity will propel its trajectory, potentially amplifying influence through more partnerships and IP licensing.[2] As a leader in renewable chemistry, Avantium's focus on disruptive technologies from renewable feedstocks positions it to accelerate the fossil-free transition it set out to champion.[1][2]
Avantium has raised $116.0M in total across 2 funding rounds.
Avantium's investors include Soffinova Partners.
