ÄIO raised €6.1M in a Series A funding round led by Voima Ventures, 2C Ventures, SmartCap, and Nordic Foodtech VC to develop sustainable oils from wood and agricultural residue.
Amount Raised
€6.1 Million
Round Type
Series A
TallinnBiotechnologyInvestors
Description
Biotechnology startup ÄIO has secured €6.1 million to establish a demo plant in Estonia focused on producing environmentally friendly oils and fats. This funding will enable the company to reduce reliance on harmful oils in the food industry by transforming agricultural and wood residues into food-grade oils.
Quick answer
ÄIO raised €6.1 Million in a Series A round, dated September 26, 2024. Investors: Nordic Foodtech VC, Smart Cap, 2 C Ventures and Voima Ventures. ÄIO is based in Tallinn, Harju Maakond, Estonia.
- How much did ÄIO raise?
- ÄIO raised €6.1 Million in a Series A round on September 26, 2024.
- Who invested in ÄIO?
- Nordic Foodtech VC, Smart Cap, 2 C Ventures and Voima Ventures are named as investors in this round.
- What does ÄIO do?
- ÄIO is a biotechnology startup founded in 2022 as a spin-off from TalTech, focusing on the development of sustainable oils derived from wood and agricultural residues.
- Where is ÄIO based and how big is it?
- ÄIO is based in Tallinn, Harju Maakond, Estonia. Fundz records about 26 employees.
- Who are the decision-makers at ÄIO?
- Fundz holds 1 contact at ÄIO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Biotechnology around the same time
Companies in the same sectors as ÄIO that raised within 45 days of this round, from Fundz verified event records.
- 28bio raised $3.7M on November 8, 2024.
- Fina BioSolutions raised $3M (Seed) on November 8, 2024.
- Inanovate raised $900K (Seed) on November 8, 2024.
- Autoimmunity BioSolutions raised $2.2M (Seed) on November 8, 2024.
- ZAP Surgical Systems raised $78M (Series E) on November 8, 2024.
- Strata Oncology raised $6.1M on November 8, 2024.
Who to call at ÄIO, and when
A new round usually means ÄIO is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day ÄIO raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ÄIO, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at ÄIO. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment ÄIO raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Funding Insights
What this usually meansÄIO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.