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Citroniq Chemicals raised $12 million in a Series A funding led by a large multi-national energy technology company to advance the planning, design, and construction of its first plant in Nebraska.

PRIVATESep 04, 2024

Amount Raised

$12 Million

Round Type

Series A

HoustonManufacturingBiotechnology

Investors

State Of NebraskaLummus Technology VenturesLarge Multi National Energy Technology Company

Description

Citroniq Chemicals LLC has successfully closed a $12 million Series A financing round. This funding will support the development of their first plant in Nebraska, aimed at producing carbon-negative materials.

Quick answer

Citroniq Chemicals raised $12 Million in a Series A round, dated September 4, 2024. Investors: State Of Nebraska, Lummus Technology Ventures and Large Multi National Energy Technology Company. Citroniq Chemicals is based in Houston, Texas, United States.

How much did Citroniq Chemicals raise?
Citroniq Chemicals raised $12 Million in a Series A round on September 4, 2024.
Who invested in Citroniq Chemicals?
State Of Nebraska, Lummus Technology Ventures and Large Multi National Energy Technology Company are named as investors in this round.
What does Citroniq Chemicals do?
Citroniq Chemicals LLC is a producer of carbon-negative materials that focuses on the commercialization of bio-polypropylene production processes.
Where is Citroniq Chemicals based and how big is it?
Citroniq Chemicals is based in Houston, Texas, United States. Fundz records about 3 employees.
Who are the decision-makers at Citroniq Chemicals?
Fundz holds 1 contact at Citroniq Chemicals, including the Executive Vice President, Strategy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Biotechnology around the same time

Companies in the same sectors as Citroniq Chemicals that raised within 45 days of this round, from Fundz verified event records.

  • Aenitis raised an undisclosed amount (Funding Round) on October 14, 2024.
  • Concretene raised $3.9M (Funding Round) on October 14, 2024.
  • NewcelX raised $7.2M on October 11, 2024.
  • baCta raised $3.6M (Pre-Seed) on October 10, 2024.
  • ARC Medical raised $303K (Seed) on October 4, 2024.
  • Cauldron raised an undisclosed amount (Grant) on October 2, 2024.

Who to call at Citroniq Chemicals, and when

A new round usually means Citroniq Chemicals is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Citroniq Chemicals

Location

Houston, Texas, United States

About

Citroniq Chemicals LLC is a producer of carbon-negative materials that focuses on the commercialization of bio-polypropylene production processes. The company aims to build the world's largest decarbonization platform to capture and avoid significant greenhouse gas emissions. Citroniq is committed to boosting the Nebraska bioeconomy by converting local ethanol into valuable bioplastics. Their efforts are geared towards decarbonizing the traditionally fossil-based plastics industry.

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Related People

1 contact
Verified contactsRoopal, Executive Vice President, StrategySee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Citroniq Chemicals's next move

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Citroniq Chemicals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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