Venture Capital
Sustainability startup New Dawn Bio raises €2.1 million
New Dawn Bio raises €2.1 million from CapitalT (lead investor), Norrsken Evolve and angels.
New Dawn Bio (Wageningen) is developing technology to grow wood from tree cells in bioreactors. The company aims to offer sustainable alternatives to traditional wood production. The capital is being used to further develop the technology. In addition, the startup is investing in scaling up production processes. The ultimate goal is to reduce deforestation and create circular materials.