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Danish company Cellugy raises E8.1 million, receives EU grant.
June 25, 2025
By: TOM BRANNA
Editor
Danish biotech company Cellugy raised 8.1 million euros from the European Union to eliminate microplastics in personal care products. The alternative material is bio-based. Cellugy’s Biocare4life project received the grant from the Life program, an EU funding branch supporting projects backing environmental and climate action. The raise is to accelerate the production scaleup toward commercializing Cellugy’s biofabricated material platform, called EcoFlexy. EcoFlexy is described as a ...
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