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Cellugy - About the company

Cellugy is a seed company based in Soborg (Denmark), founded in 2018 by , and . It operates as a Developer of environmental friendly biomaterials for plastic replacement. Cellugy has raised $10.1M in funding from investors like , International Chemical Investors and . The company has 320 active competitors, including 99 funded and 18 that have exited. Its top competitors include companies like Tidal Vision, Newlight Technologies and EF Polymer.

Company Details

Website
Social
Email ID
@cellugy.com
Key Metrics
Founded Year
2018
Location
Soborg, Denmark
Stage
Seed
Total Funding
in 8 rounds
Latest Funding Round
Investors
Ranked
9th among
Employee Count
as on Nov 30, 2024
Similar Companies
&
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Cellugy's funding and investors

Cellugy has raised a total funding of $10.1M over 8 rounds. Its latest funding round was a Seed round on May 21, 2024 for $5.33M. 6 investors participated in its latest round, lead by International Chemical Investors and Unconventional Ventures.

Cellugy has 12 institutional investors including , International Chemical Investors and .

Here is the list of recent funding rounds of Cellugy:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
May 21, 2024
$5.33M
Seed
5191735
1204702
Mar 31, 2023
$54.4K
Grant (prize money)
7710712
2985096
Mar 13, 2023
$1.86M
Seed
3626187
4111520
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Cellugy's founders and board of directors

The founders of Cellugy are , and . is the CEO of Cellugy.
Here are the details of Cellugy's key team members:
  • : Co-Founder & CEO of Cellugy. They serve on the board of .
    Contact Info:
  • : Co-Founder of Cellugy. They serve on the board of .
    Contact Info:
  • : Co-Founder of Cellugy.

Cellugy's Board of Directors

Cellugy's board has 4 active members. and are part of team and and are independent board members.
Here is the list of Cellugy's board of directors:
Name
Type
Representing
Status
Duration
pfvsjgv
Team
-
Past
2y 3m
dqojnut
Team
-
Past
7y 6m
Independent board member
-
Current
4y 5m
tmcx{n{
Independent board member
-
Current
5y 2m
View details of

Cellugy's employee count trend

Cellugy has 17 employees as of Nov 24. The total employee count is 55.0% more than what it was in Nov 23. Here is Cellugy's employee count trend over the years:
Employee count trend for Cellugy
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Cellugy's Competitors and alternates

Top competitors of Cellugy include Tidal Vision, Newlight Technologies and EF Polymer. Here is the list of Top 10 competitors of Cellugy, ranked by ÃØÃÜÑо¿Ëù score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Tidal Vision
Tidal Vision
2014, Bellingham (United States), Series B
Provider of natural biopolymer materials
$320M
Sahsen Ventures, SOSVÌý&²¹³¾±è;Ìý
61/100
2nd
Logo for Newlight Technologies
Newlight Technologies
2003, Huntington Beach (United States), Series F
Provider of sustainable material using methane-based greenhouse gases
$220M
TPG, GRAYARCH PARTNERSÌý&²¹³¾±è;Ìý
57/100
3rd
Logo for EF Polymer
EF Polymer
2018, Udaipur (India), Series B
Manufacturer of organic super-absorbent hydrogel for sustainable agriculture
$11.1M
Village Capital, Beyond Next VenturesÌý&²¹³¾±è;Ìý
56/100
4th
Logo for Zerocircle
Zerocircle
2020, Pune (India), Seed
Developer of seaweed-based bio-alternatives for packaging and coatings. It offers sustainable alternatives to plastic-based products, utilizing seaweed as a regenerative resource. These alternatives include films, coatings, and paper, all fully biodegradable and offering comparable or superior performance characteristics. The company focuses on providing solutions for conscious brands seeking fossil-free options. Its products are designed to create perfectly circular solutions with zero waste.
$4.35M
Peak XV Partners, ACT GrantsÌý&²¹³¾±è;Ìý
55/100
5th
Logo for Origin Materials
Origin Materials
2008, Sacramento (United States), Public
Provider of solutions for the conversion of waste cardboard and sawdust into PET plastic
$61.6M
54/100
6th
Logo for Notpla
Notpla
2014, London (United Kingdom), Series A
Manufacturer of seaweed-based bioplastics
$47.3M
, Horizons VenturesÌý&²¹³¾±è;Ìý
53/100
7th
Logo for Milrem
Milrem
2013, Tallinn (Estonia), Funding Raised
Developer of multipurpose tracked UGV
-
53/100
8th
Logo for Ahlstrom
Ahlstrom
1851, Helsinki (Finland), Public
Manufacturer of fiber-based specialty materials
-
Bain Capital Private Equity, TaaleriÌý&²¹³¾±è;Ìý
53/100
9th
Logo for Cellugy
2018, Soborg (Denmark), Seed
Developer of environmental friendly biomaterials for plastic replacement
$10.1M
, EIC FundÌý&²¹³¾±è;Ìý
52/100
10th
Logo for Danimer Scientific
Danimer Scientific
2004, Bainbridge (United States), Acquired
Manufacturer of PHA biopolymers using renewable resources
$27.1M
, Advantage CapitalÌý&²¹³¾±è;Ìý
52/100
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Cellugy's Investments and acquisitions

Cellugy has made no investments or acquisitions yet.

Reports related to Cellugy

Here is the latest report on Cellugy's sector:
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News related to Cellugy

Media has covered Cellugy for a total of 5 events in the last 1 year, 2 of them have been about partnerships.
•
Cision•Feb 12, 2025•Cellugy
•
Contract Pharma•Sep 04, 2024•Cellugy, Ingenza
•
Zephyrnet•Jun 07, 2024•EvodiaBio, , Cellugy, NIL Technology and 6 others
•
Biofuels Digest•Jun 05, 2024•Cellugy, International Chemical Investors, Unconventional Ventures, Joyance Partners and 3 others
•
European Biotechnology•May 21, 2024•Cellugy, International Chemical Investors, Unconventional Ventures, Joyance Partners and 4 others
•
Biofuels Digest•Jan 04, 2021•Cellugy,
•
EU-Startups•Dec 30, 2020•Cellugy, Novo Nordisk, BioInnovation Institute,
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